Saturday, October 11, 2008
The hair-trigger mentality of the market was evident from the opening bell.
NEW YORK - Wall Street capped its worst week ever with a wild session Friday that left stocks with a widely mixed finish. Late-day buying helped curb steep losses and gave the market its best showing of the week as investors snapped up bargains among stocks devastated by seven days of massive losses. The Nasdaq composite index finished with a modest gain, while the Dow Jones industrials lost 128 points, a relatively mild drop after the blue chips fell 2,271 during the previous eight trading days. Still, the Dow, which traded in a range of 1,019 points Friday, had its worst week ever, as did the Standard & Poor's 500 index. "Fear has been running rampant all over the Street. Fear and greed, that's what rules the Street. I think the carcass has been stripped to the bone,"