SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Can you beat 50% per month? -- Ignore unavailable to you. Want to Upgrade?


To: Smiling Bob who wrote (11027)6/22/2007 4:15:25 PM
From: Smiling Bob  Respond to of 19256
 
The problem didn't go away yesterday afternoon
DOW down 185
----
Stocks Fall Sharply on Subprime Woes
Friday June 22, 4:10 pm ET
By Tim Paradis, AP Business Writer
Stocks Fall Sharply As Inflation, Subprime Problems, Rising Oil Stir Investor Concerns

NEW YORK (AP) -- Wall Street ended a volatile week with a sharp decline Friday as investors again succumbed to nervousness about rising interest rates and souring subprime loans. The Dow Jones industrial average fell more than 185 points.



To: Smiling Bob who wrote (11027)6/22/2007 5:59:47 PM
From: Smiling Bob  Read Replies (1) | Respond to of 19256
 
I used the wrong word
Should have been "reemerged."
The closing number was slightly underestimated too, though it did float at 150 for awhile just prior to the close.
------
Message 23645150
From: scottonstocks 6/22/2007 10:06:59 AM
Read Replies (1) of 11031

DOW -70 now -likely to close down 150+ today
Why?
"Renewed concern over BSC subprime debacle"
Yesterday's news release was BS based on a he said, she said.
edit
of course, there's always another op to release another bogus mkt saving story.
------
biz.yahoo.com

Wall Street stumbles as subprime worries reemerge
Friday June 22, 4:58 pm ET
By Jennifer Coogan

NEW YORK (Reuters) - Stocks tumbled on Friday, wrapping up their worst week since a global sell-off in February amid fears that trouble at two Bear Stearns hedge funds may signal worse problems lie ahead for credit markets."