DOWN 680-POINT DAY: MARKET SUMMARY

Posted by on December 1st, 2008 at 04:52pm

wrote an interesting post today on
Here’s a quick excerpt
Dec 1, 2008 Bloomberg.com reports •U.S. Stocks Tumble on Concern Over Slump, Wiping Out Half of Week’s Rally •Bernanke Says Fed May Purchase Treasuries, Citing Reduced Rate-Cut Options •Treasury Yields Plunge to Lowest on Record as Bernanke Suggests Buybacks •U.S. Recession Began Last December, Making Contraction Longest Since 1982 •Credit Market Risks Rise as Economic Slump Spreads to Industrial Companies •Highbridge Capital’s Asia Hedge Fund Is Said to Limit Investor Withdrawals

Read the rest of this great post here

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