Wednesday, August 15, 2007
Dow and Nasdaq end lower for fifth straight session on revived worries about credit and mortgage market, and talk of more trouble for Countrywide Financial.
1. Rich said yesterday..."If you thought Tuesday in the markets was bad, just wait until Wednesday, when all those who have been exhorted to "hang together," and not request Sept. 30 redemption of their hedge fund investments, quietly file their requests anyway -- hoping the other guy didn't Thursday should be equally bad, as the impact of all that is absorbed". -- Right on matey!! David, I'm afraid that we'll have to wait an iccle longer than Wednesday for this to settle down!