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MarketWatch: Stocks drawn, quartered

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marmar Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 07:56 PM
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MarketWatch: Stocks drawn, quartered
By Kate Gibson, MarketWatch


NEW YORK (MarketWatch) -- U.S. stocks slumped on Wednesday, leading the market to its worst quarter since December 2008, as economic concerns continued to pile on.

A disappointing private-sector jobs report offset more upbeat manufacturing data ahead of Friday's monthly employment report.

"The economy is still in a tenuous state at best," said Bob Enck, president and CEO at Equinox Fund Management.

The Dow Jones Industrial Average fell 96.28 points, or 1%, to 9,774.02 on Wednesday.

The S&P 500 Index fell 10.53 points, or 1%, to 1,030.71, while the Nasdaq Composite Index fell 25.94 points, or 1.2%, to 2,109.24.

For June, the Dow industrials fell 3.6%, the S&P 500 fell 5.4% and the Nasdaq dropped 6.6%.

For the second quarter, the Dow lost 10%, marking its first drop after four straight quarters of growth. The S&P 500 and the Nasdaq fell 12% each during the quarter, with the two indexes posting their worst quarter since December 2008. ...........(more)

The complete piece is at: http://www.marketwatch.com/story/stocks-edge-higher-at-...




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Subdivisions Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 08:00 PM
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1. But, but, but...
we're in a recovery!

The "green shoots" are fucking DEAD.

The goddamned thing should have been allowed to crumbled and those guilty of crimes jailed after the Lehman collapse.

Now it's twice as bad. And we will be the ones left holding the bag.
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SheilaT Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 08:00 PM
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2. On the up side,
wouldn't this be a pretty good time to buy?
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