Got feedback on the new design? We're Listening! Send us Feedback

Credit worries slam Wall Street »

Posted by: STONERS 9 months, 1 week ago

13 Comments Report this Story

8.6

Scale of 1 to 10

Read: 27

Propped: 116

Comments: 13

Click Prop It to Raise Score
Prop it

Stocks fell on Monday, pushing the S&P 500 down 1 percent, on fears that the spillover from mortgage defaults and credit market losses will drag on the economy and spur consumer caution this holiday season.

Read Full Story at news.yahoo.com

Join the Discussion

+ Add Comment
Comments So Far: 13
  • 0%
    STONERS9 months, 1 week ago

    "The Dow Jones industrial average was last down 79.09 points, or 0.61 percent, at 12,901.79. The Standard & Poor's 500 Index was down 14.44 points, or 1.0 percent, at 1,426.26. The Nasdaq Composite Index was down 22.25 points, or 0.86 percent, at 2,574.35."

    Reply
    • 0%
      MyCampingMall9 months, 1 week ago

      Wall Street worries about credit woes? Who is Wall Street? I thought only people worry! When did Wall Street grow a brain?

      Reply

      1 Reply

      • 0%
        marshx9 months, 1 week ago

        its a reference to the group of stock market traders who work on wall street.

        Reply
      • 0%
        GHOSTWHOWALKS9 months, 1 week ago

        Look for the market to drop even lower. Whether this is just a correction, or a sign of an upcoming recession still remains to be seen.

        Reply
        • 0%
          simonsez9 months, 1 week ago

          The market is the perception of value of a stock at any given moment. Stocks are often bought and sold for the wrong reasons.

          The "herd" effect is often in play and is generally wrong. Buy and hold is the only effective strategy.

          Reply
          • 0%
            Cityslicker9 months, 1 week ago

            Yep , take everyones pocket change (any extra money one might acquire form saving) away and they don't spend as much , funny that way isn't it ?

            Gosh , inflation was o-k about a couple of years ago before Katrina .

            Heck , even after a terrorist attack the economy was strong , but let one little storm hit land near the refineries and poof , need to adjust inflationary prices , SCAM .

            Induce Eron-ish trading that will work !

            Reply
            • 0%
              hamy9 months, 1 week ago

              I welcome this news. When the stock market falls, the real estate market should come back a little bit as people move their money out of stocks and into real estate.

              But Bush said that the economy is "stronger than ever" so I guess I shouldn't worry. I am sure that he is doing enough worrying for all of us!

              Reply
              • 0%
                Lazloe9 months, 1 week ago

                A recession is in the works. The political gurus in the White House are trying to put a positive spin on it all; however, the mortgage problems will really pick up speed in 2008.

                If you have all your savings in the DOW or NYSE I would strongly suggest that you look at the Canadian stock exchange or Asia.

                The Canadian dollar is no longer a good investment for high returns because it has settled into a stable level; however, as our own dollar continues to sink, the Canadian dollar is a next door currency and is a very safe bet for Americans right now. Also Americans need to look outside of the country to safe guard themselves from the worsening USD crunch that's coming.

                Reply

                1 Reply

                • 0%
                  quackpot9 months, 1 week ago

                  The white house tell a fib? Oh My!!!!

                  Reply
                • 0%
                  BuffaloJ9 months, 1 week ago

                  Hmmm, didn't the Fed announce 2 or 3 weeks ago that "The US economy is doing well??

                  I laughed when the fed announced that...the dollar is tanking compared to other currencies and the stock market is taking a dive too(and that looks to continue).

                  Economy doesn't look all the good to me...

                  Reply
                  • 0%
                    quackpot9 months, 1 week ago

                    I just wonder how much longer the Regan I/Bush I/Bush II economics of

                    Borrow / Print money/SPEND SPEND SPEND economy will last?

                    Reply
                    • 0%
                      quackpot9 months, 1 week ago

                      Thanks in no small part to the MAJOR SUB-PRIME SCAM artist R. Arnall.

                      This SCUM (R. Arnall) is the one that Bush appointed as Ambassador to the Netherlands in return for his $8 million campaign contributions.

                      Reply
                      • 0%
                        kevinreilly6 months, 3 weeks ago

                        Again, welcome! May I ask what brings you to this particular list? http://fine-mp3.com/letter-b-1/

                        Reply
                        Next 25 comments

                        You must be signed in to post a comment. Sign in »

                        Submitted By:
                        STONERS

                        I've started a ""STONERS Daily News Group"" Please stop by and have a look and join if you like it.. All welcome!!! ;~]

                        Add your ...

                        Also submitted:

                        Related Articles:

                        Why not submit a story?

                        Also Propping This Article

                        view all »

                        Groups Watching This

                        No groups are watching this story. Why not share it with your group?

                        Advertisement