Market's 'Hope Balloon' Loses Air
Tepid Upturns Haven't Stopped the Slide; 'Hard to Make a Cheery Story'
Financial markets are supposedly driven by two competing forces: fear and greed. Fear just made another grab for the steering wheel.
Disappointment with the government's planned credit-market bailout and concerns that the $787 billion stimulus plan won't jolt the economy fast enough snuffed out the budding stock-market rally. Now investors are worried that stocks could fall back to their November lows -- and possibly even farther.
http://online.wsj.com/article/SB123481023090593823.html
Tepid Upturns Haven't Stopped the Slide; 'Hard to Make a Cheery Story'
Financial markets are supposedly driven by two competing forces: fear and greed. Fear just made another grab for the steering wheel.
Disappointment with the government's planned credit-market bailout and concerns that the $787 billion stimulus plan won't jolt the economy fast enough snuffed out the budding stock-market rally. Now investors are worried that stocks could fall back to their November lows -- and possibly even farther.
http://online.wsj.com/article/SB123481023090593823.html