The equity markets endured a good old-fashioned stomp-down last week, behaving in almost panic mode. Uncertainty over the Fed, uncertainty over the ECB, slowing economies in China and Europe, Ebola fears and the diving price of oil were among things that triggered heavy selling in last week’s equities markets, according to TV’s talking heads.

“The markets finally woke up to the fact that the U.S. lives in a global world,” one said. “Hedge funds sold everything that wasn’t nailed down,” said another. The financial experts talked about Cit...


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