Saturday, Jul 12, 2008

"The biggest culprits are bouncing off their lows. It amounts to throwing a deck chair off the Titanic obviously

marketwatch: U.S. stock indexes tank as crude touches new high

NEW YORK (MarketWatch) -- U.S. stocks on Friday lapsed back into the cellar to close with weekly losses after a late-day burst into positive turf that followed reports that Federal Reserve Chairman Ben Bernanke offered the central bank's discount window to battered mortgage lenders Fannie Mae and Freddie Mac.

Posted by malct @ 12:21 PM (219 views) Add Comment

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