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Non-Tech : Penny for your thoughts,...

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To: Fiscally Conservative who wrote (61)	11/5/2007 8:19:56 AM
From: Fiscally Conservative	of 78

European stocks fell for a third day after Citigroup Inc. said it may write down an additional $11 billion, raising concern financial companies face more credit- market losses. Societe Generale SA, Credit Suisse Group and Barclays Plc led banks lower after analysts downgraded the stocks. J Sainsbury Plc tumbled 19 percent as Qatar's Delta (Two) Ltd. dropped plans for a 10.5 billion-pound ($21.9 billion) takeover, citing a worsening credit market. ``It looks like there may be more bad news to come,'' said Simon Carter, who helps oversee $3 billion at Aegon Asset Management in Edinburgh. ``The Citigroup writedown due to subprime was much larger than expected. Sainsbury's woes are also not helping.'' bloomberg.com

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