Friday, January 11, 2008

The Yo-yo Stock market

It's a yo-yo time as Wall Street plunges yet again...hardly good news for many of us investors around the world... When the old man sneezes, the rest of the world will soon catch the cold, so they say! Let's hope our KLSE, which oddly seems to have some independent movement, hold steady...

Cheer up! Have a nice week-end, mate! Black Monday is history...

Stocks Slammed by Bad Credit Fears
Friday January 11, 6:08 pm ET
By Tim Paradis, AP Business Writer

Stocks Fall Sharply Amid Worries Over Investment Bank Write-downs, Anxiety About Earnings

NEW YORK (AP) -- Wall Street plunged again Friday amid renewed fears that the financial sector's troubles with bad credit won't soon end and that some consumers are buckling under the weight of a slowing economy. The major indexes each lost more than 1 percent, including the Dow Jones industrials, which finished down nearly 250 points.

For the rest of the story, click the title above.

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