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The Fab Five tech stocks were all down on Monday morning. That has some investors nervous, and certain experts have been encouraging it. David Stockman, former director of the Office of Management and Budget under Ronald Reagan, is predicting a 35% sell-off for the S&P 500.
Is Stockman right? Is it time for investors to hit the panic button? Money Morning Chief Investment Strategist Keith Fitz-Gerald joins Stuart Varney to weigh in. He also discusses General Electric Co. (NYSE: GE), whose CEO of 15 years will be stepping down at the end of the year.
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