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The ‘summer doldrums’ in the stock market continued into September with most stocks struggling but the large technology stocks keeping the overall averages from falling sharply. However, markets in both the U.S. and Canada did experience some mid-month weakness that pushed the major indices down 5% from their peaks, before recovering slightly. The fall in stocks was not caused as much though by typical trepidation about either an economic slowdown or the long-awaited end of massive bond buying support (quantitative easing) from central banks. The worries this time were about corporate earnings, which have been the backbone of the stock market’s strength over the past year (more…)