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A list of 10 factors driving down the domestic stock market

10 factors driving down the domestic stock market:

  1. Banks are resetting their lending guidelines.
  2. Large companies (Fortune 1000) are revising their fourth-quarter earnings outlook downward. Stockholders are expecting this.
  3. Many large companies may suspend their fourth-quarter dividend payout to conserve cash, and they may make sizeable job cuts.
  4. Stock portfolio managers are attempting to cut their losses, out of panic and fear of not knowing where the bottom is going to be.
  5. Pension fund managers are trying to maximize their cash, because they are trying to sustain pension payments.
  6. Small businesses are trying to hang in there until the credit market thaws out before being forced to start laying people off.
  7. Details of the emergency $700 billion (plus tax extenders and pork) rescue package have not been implemented yet.
  8. General uncertainty and panic selling are contributing to a downward snowballing effect.
  9. Foreign markets are experiencing the same effects, which impacts our domestic markets and vice versa.
  10. There is a general negative outlook for 2009 due to the poisonous political tone in Congress, and negativity in the presidential campaigns.

Information was obtained from Herman Cain’s website.

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