RobertB
September 5th, 2007, 09:32 PM
Same News, Different Day For Wall Street
Carl Gutierrez, 09.05.07, 4:51 PM ET
Bad subprime news is nothing new, but, even after months of awareness, reminders of it have yet to lose their sting.
After opening low, the Dow Jones industrial average closed down 1.1%, or 143.39 points, to 13,305.47..
According to Birinyi Associates research analyst Cleveland Rueckert, for the most part today’s trading performance is a reflection of the market giving back some of the gains it had made on Tuesday.
Rueckert added that, “pretty much all of the big moves we’ve had recently are related to the subprime issues, that continues to plague the markets as it proves it isn’t quite over.”
http://www.forbes.com/home/markets/2007/09/05/dow-jones-closer-markets-econn-cx_cg_0905markets38.html
Carl Gutierrez, 09.05.07, 4:51 PM ET
Bad subprime news is nothing new, but, even after months of awareness, reminders of it have yet to lose their sting.
After opening low, the Dow Jones industrial average closed down 1.1%, or 143.39 points, to 13,305.47..
According to Birinyi Associates research analyst Cleveland Rueckert, for the most part today’s trading performance is a reflection of the market giving back some of the gains it had made on Tuesday.
Rueckert added that, “pretty much all of the big moves we’ve had recently are related to the subprime issues, that continues to plague the markets as it proves it isn’t quite over.”
http://www.forbes.com/home/markets/2007/09/05/dow-jones-closer-markets-econn-cx_cg_0905markets38.html