CNBC, August 10: Stocks fell on Friday as geopolitical concerns pushed the Turkish lira to a record low against the dollar and rattled investors….

“The fact of the matter is, when you have 19 times earnings [on the S&P 500], it’s not surprising to get a bit of a tumble” after getting headlines like the ones related to Turkey, said Michael Geraghty, equity strategist at Cornerstone Capital Group, “But I do think there is still strength left in equities” as earnings have been “undoubtedly strong.”

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