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  • Oysterfest 2014 Is Coming Your Way!

    oysterfest-vendorsWednesday morning on Daybreak Jeff and Dale sat down with Patti Case and talked about the plethora of events taking place at this year's Oysterfest which takes place this weekend at the Washington State Fairgrounds in Shelton.

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  • Army Drops Murder Charges Over Iraqi Boys' Deaths

    M-BarberaThe Army has dropped murder charges against a soldier in the shooting of two unarmed Iraqi boys during a blown reconnaissance mission in 2007, but he still faces prosecution on allegations that he obstructed the investigation and threatened a journalist's wife.

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  • Mariners To Be Aggressive Adding Bats In Offseason

    mariners logo5After narrowly missing the postseason, the Seattle Mariners say they will raise payroll in 2015 and aggressively pursue offense during the offseason. General manager Jack Zduriencik and manager Lloyd McClendon spoke Tuesday, two days after Seattle concluded an 87-75 season. The Mariners finished one game behind Oakland in the AL wild card standings.

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Stocks Get Crushed: Time for ‘Seahawks Portfolio?’

b_250_0_16777215_00_images_obgrabber_2014-01_b4e6de64d0.jpgiStock/Thinkstock (NEW YORK) -- It’s been a rough week for your money. The Dow Jones Industrial Average fell every day this week with stocks sliding close to 600 points, the worst week for the industrial average since November of 2011. The Dow ended Friday’s session down 318 points, falling below the 16,000 mark to close at 15,879.11. The index fell 3.5 percent this week.

The other major averages also struggled and this week. The S&P 500 fell 2 percent Friday after having its worst week since last June, and the tech-heavy NASDAQ was off more than 2 percent.

So why are stocks falling out of bed in January after going up 30 percent last year?

Investors are worried about slowing economic growth in China and a host of other emerging markets. On top of that, there are concerns about the profit picture ahead for U.S. companies and fears about what will happen to stocks now that the Federal Reserve is winding down its economic stimulus program.

Still, despite this week’s sell-off and the rough start to 2014 most analysts are telling their retail clients to sit tight.

“Retail investors should do nothing at this point,” David Lutz, managing director at Stifel Nicolaus says. He adds that folks “should not panic and sell.”

But Veracruz’s Steve Cortes warns investors that in the near term they may want to “buckle up.” He says it’s time to have a Seattle Seahawks portfolio – that means defensive. For him a defensive portfolio is one that focuses on dividend stocks and U.S.-centric businesses. He adds that “2014 won’t be a repeat of the easy ride that was 2013.”

Copyright 2014 ABC News Radio

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