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Sears is in serious trouble

Sears used to be an American retail icon. Ditto for Sears-owned Kmart. But with sales plunging and losses mounting, the only thing left for Sears to do is sell assets and close stores. That's not a reason to buy the stock.

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CNNMoney assistant managing editor Paul LaMonica highlights the latest news from Wall Street and what's moving the markets in his daily investing commentary.