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To: thomas who wrote (162630)	7/29/2007 12:03:35 AM
From: thomas	Respond to of 208838

MARKET SNAPSHOT Stocks to fall further as credit woes persist Earnings expected from 99 S&P 500 companies likely eclipsed by concerns By Nick Godt, MarketWatch Last Update: 12:01 AM ET Jul 28, 2007 NEW YORK (MarketWatch) -- U.S. stocks will continue to fall next week, in continuation of a sell-off that saw the Dow Jones Industrial Average experience its worst week in over four years, due to nervousness that the easy-money binge of the last few years has come to an end. Another heavy week of earnings, including 99 reports from S&P 500 companies, capped by the all-important July employment report on Friday, also awaits investors. But stocks will remain vulnerable to any new signs of distress from hedge funds hit by their exposure to bad U.S. home loans, as well as from credit markets, where Wall Street firms and corporations are finding it harder and harder to obtain financing. "We're finishing up earnings season and the general tone has been positive," said Owen Fitzpatrick, head of the U.S. equities group at Deutsche Bank. "But it's been overwhelmed by the whole subprime and credit-market issues."