Wall St shares slide almost to March lows


	Wall St shares slide almost to March lows

JICWyllie

6-28-2008 6:06 AM

176 views

tags:

economy, financial markets, i-losses, i-increase, i-depression, i-recession, consumers, i-confidence, i-decrease

JICWyllie says:

Good summary of what happened while I was cut off the Internet seven weeks ago.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/29cccfa8-fc8e-41b1-a702-66d6c939ad97/91F9D86E-BA6E-4CF7-8236-DAD17415078A/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.ft.com/cms/s/0/f3942168-4448-11dd-b151-0000779fd2ac.html" href="http://www.ft.com/cms/s/0/f3942168-4448-11dd-b151-0000779fd2ac.html" style="font-size: 11px;">www.ft.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/f3942168-4448-11dd-b151-0000779fd2ac.html"><DIV class="nav-collection clearfix"><H3 class="section"><SPAN>EDITOR’S CHOICE</SPAN></H3><DIV class="clearfix"><H4><A href="http://www.ft.com/cms/s/0/eccce4b4-4411-11dd-b63c-0000779fd2ac.html">Energy stocks bail out FTSE</A><SPAN class="pub-date"> - Jun-27</SPAN></H4></DIV><DIV class="clearfix"><H4><A href="http://www.ft.com/cms/s/0/28962204-442f-11dd-b151-0000779fd2ac.html">Banks and retailers knock European stocks</A><SPAN class="pub-date"> - Jun-27</SPAN></H4></DIV><DIV class="clearfix"><H4><A href="http://www.ft.com/cms/s/0/ac585830-4404-11dd-b63c-0000779fd2ac.html">Asia markets follow Wall Street plunge</A><SPAN class="pub-date"> - Jun-27</SPAN></H4></DIV><DIV class="clearfix"><H4><A href="http://www.ft.com/cms/s/0/b2376df6-442a-11dd-b151-0000779fd2ac.html">Oil and equities weigh on dollar</A><SPAN class="pub-date"> - Jun-27</SPAN></H4></DIV><DIV class="clearfix"><H4><A href="http://www.ft.com/cms/s/0/33ef9840-4364-11dd-842e-0000779fd2ac.html">Fed comments put dollar under strain </A><SPAN class="pub-date"> - Jun-27</SPAN></H4></DIV><DIV class="clearfix"><H4><A href="http://www.ft.com/cms/s/0/301ceba0-42a1-11dd-81d0-0000779fd2ac.html">Q&A: US slowdown goes global</A><SPAN class="pub-date"> - Jun-25</SPAN></H4></DIV></DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/f3942168-4448-11dd-b151-0000779fd2ac.html">New data on sentiment suggested that consumers had largely discounted the rebates as well. The University of Michigan index showed consumer confidence fell to its lowest level in 28 years in June.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/f3942168-4448-11dd-b151-0000779fd2ac.html">Surging oil prices, poor earnings reports from the technology sector and a slump in financials pushed the Dow Jones Industrial Index briefly into bear market territory</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/f3942168-4448-11dd-b151-0000779fd2ac.html">The index is on course for its worst June since the Great Depression, down 10.2 per cent.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/f3942168-4448-11dd-b151-0000779fd2ac.html">Markets had to contend with rising inflation expectations. On Wednesday, the Federal Reserve kept interest rates on hold, noting the risk of rising inflation due to surging oil prices.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/91F9D86E-BA6E-4CF7-8236-DAD17415078A/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>