Sunday, Nov 18, 2007
As the air came out of the technology and telecommunications bubble this decade, the stock market found a new champion in the financial sector.
nytimes.com: Stock Market Likely to Stay Under Pressure
Now, as problems in the credit markets are cutting into profits at banks, brokerage firms and insurance companies, that growth engine is looking more like a millstone. Financial stocks are down 17.6 percent for the year, and many market specialists expect that they will remain under pressure in the coming year, making it harder for the broader market to regain its footing.
Posted by chris @ 08:05 PM (231 views) Add Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
No comments have been submitted.
Be the first person to add your comment by completing the form below.