STEPHEN BERNARD
Associated Press
August 18, 2008

NEW YORK – Wall Street fell moderately Monday amid more reports that the financial sector remains under stress and amid light trading volume.

Investors were concerned once again about financial stocks after media reports of further turmoil in the sector. The Wall Street Journal reported, citing unidentified sources, that Lehman Brothers Holdings Inc. might have to pre-announce its third-quarter results in anticipation of a large loss, while Barron’s said the U.S. Treasury might have to recapitalize mortgage financiers Fannie Mae and Freddie Mac.

Though it comes as little surprise to market participants, there continues to be more bad news about the financial sector.

“It’s a very, very fragile balance of powers right now,” said Thomas J. Lee, equities analyst at JPMorgan. “But the fact that commodities are declining is overall good for consumers and good for the market.”

Read article

Truth Rising 9/11 Chronicles Part One: Truth Rising
Get the DVD and make copies or watch the high quality streaming and download version online at Prison Planet.tv. Click here to read more about the film and view sample trailers.

Take advantage of one of nature’s most hardworking nutrients with Vasobeet now at 40% off!


Related Articles


Comments