All clear for now but watch out in 2 years: Dalio

Through the prism of The Good, the Bad and the Ugly on Wall Street, here are three top items for investors on Wednesday.

The Good & Bad

'No real reason' for problems in US markets: Ray Dalio
'No real reason' for problems in US markets: Ray Dalio

Ray Dalio, head of the world's biggest hedge fund, told CNBC's "Squawk Box" on Wednesday, "I see no real reason for a problem in the United States now other than too tight ... monetary policy." He doesn't see that happening. But the Bridgewater Associates founder expressed concern about the next downturn 18 months to two years from now.

Fedcaution about rate hike right move: Ray Dalio

The Ugly (reputation)

October is a scary month in the stock market because some of the biggest one-day drops have happened this month. But market watcher Ed Yardeni looked long-term at stock performance for the month and found that October may be getting a bad rap.

The Good (yep, another Good)

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Responding to widespread criticism, Coca-Cola said Wednesday it has adopted new guidelines for its 2014 equity plan, helping the beverage giant to "provide significant flexibility" in who gets Coke's stock and how much.