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By David A. Clarke Jr.
Blame Washington's intelligence failure, not lack of police
Topic - Brad Mcmillan
The stock market broke through two milestones Monday before giving up nearly all its gains late in the day.
A gloomy outlook from Caterpillar, the world's largest construction equipment company, tugged the stock market lower in afternoon trading Wednesday.
A pair of better economic reports helped nudge the U.S. stock market up Thursday afternoon, even as the Japanese market plunged again.
Brad McMillan, chief investment officer for Commonwealth Financial, says he's not worried yet, but notes three ingredients of market froth are already present: investors borrowing record amounts to buy stock, more companies going public for the first time and Main Street investors putting money into the market after years of pulling out.
"Greed is taking over from fear," McMillan says.