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November 9, 2012
NEW YORK (AP) — Worries that Washington will be unable to avoid the government spending cuts and tax increases known as the “fiscal cliff” drove the stock market to its biggest drop this year. On the day after, big investors warned: Prepare for more turbulence.
“Difficult times are probably far from finished for the stock market,” said Liz Ann Sonders, chief investment strategist at the brokerage Charles Schwab.
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