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Published: Saturday 07 September, 2013

outlet clothes online outlet clothes online ?Lots more bad news dashes stocks

stocks fell to their lowest levels of the year Monday after a fresh batch of geopolitical worries imported from abroad heightened investors fears and prompted a flight to less risky investments.

Wall Street, which for weeks has been bogged down by domestic issues ranging from rising interest rates to sticker shock at the gas pumps, is now being held hostage on a regular basis by international events that threaten to undermine investor confidence.

Bad news from abroad dominated, depressing stock prices and pushing the good news about the USAs economy into the background. The Dow Jones industrials dipped 106 points to 9907, leaving it down 5.2% for the year and 7.7% below its 2004 high. Meanwhile, money flowing into bonds pushed the 10year Treasury note yield, which moves opposite price, down to 4.69% from 4.77% Friday. Spooking investors:

in Iraq. The latest bombshell to rock stocks originated in Iraq, where the head of Iraqs governing council was killed, prompting fears that it will fu outlet clothes online rther complicate the USAs planned handover of power on June 30, says Andy Brooks, trader at T. Rowe Price. There were also reports that a bomb containing the deadly gas sarin was detonated in Iraq.

Iraq has been the source of major uncertainty for investors for more than a year. casualties, the loss of credibility caused by the prisonabuse scandal and other setbacks in the Middle East may threaten President Bushs reelection bid, which could lead to the dismantling of investorfriendly tax policies.

The No. 1 worry is . the implications of the madness that is consuming Iraq right now, says John Bollinger, president of Bollinger Capital Management.

market crash in India. Adding to jitters was the biggest intraday drop in the history of Indias main market. Stocks were down more than 15% at one point on fears that the new government might slow privatization of state comp outlet clothes online anies. They closed down 11.1%, but only after the government ordered staterun companies to buy shares to stem the fall.

stock losses in Japan. The Nikkei average in Tokyo plunged 3.2% after a major bank there announced it would report a large loss for the year.

high oil prices. A barrel of crude spiked to $41.55, its highest close ever, sparking more concerns that high gas prices will eventually choke off economic growth around the globe.

On the potential bright side, the stock market is likely to regain its footing if the situation in Iraq calms down, Bollinger says. The steep drop i outlet clothes online n prices may be setting up a decent buying opportunity, adds David Sowerby, portfolio manager at Loomis Sayles. outlet clothes online