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  • Local Man Accused Of Diverting Mason County River

    riverbedThe state attorney general's office has accused a 55-year-old Mason County man of using an excavator to fill and divert the Tahuya River without a permit. William Cayo Sr. was charged in Mason County District Court on Thursday with three misdemeanor… Read More +

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  • Inslee Looks To Election For Climate Allies

    oilrefineryWashington Gov. Jay Inslee is likely in 2015 to roll out ambitious proposals to reduce carbon pollution such as a bill to cap greenhouse gases, but unless Democrats can make gains in the state Senate on Tuesday, he'll face a tougher… Read More +

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  • Seattle Picks Up 2015 Option On Iwakuma

    Iwakumajune10The Seattle Mariners will have right-hander Hisashi Iwakuma under contract for the 2015 season. The Mariners announced Thursday that Iwakuma's $7 million option was vested based on his on-field performance. Iwakuma missed the first month of the 2014 season but went 15-9 with a 3.52 ERA in 28 starts. In 91 career games with Seattle, Iwakuma is 38-20 with a 3.07 ERA.

    Read More
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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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