Can anyone tell me why the market is down?

From Bloomberg headlines:

Fed Will Offer $540 Billion to Help Money-Market Funds Meet Redememptions

•Kerkorian May Dump Entire Ford Stake After Shares Lose Two-Thirds of Value

•Dollar Rises to 19-Month High on Bets ECB Will Cut Rates Faster Than Fed

•Argentine Bonds, Stocks Tumble on Speculation Government to Seize Pensions

•Bank of America Credit-Card Unit Loses $373 Million on Consumer Defaults

•Citigroup Is a `Sell,’ May Not Report Profit Until Late 2009, Goldman Says

•U.S. Moves Toward Second Fiscal Stimulus This Year as Bernanke, Bush Shift

Related Posts:

• Bank of America to Boost China Construction Stake (Update1)
• I think John Paulsen is getting nervous about his LARGE bet on Bank of America and Citigroup.
• Equity Fund Outflows Surge, $4.29 Billion From U.S.
• Sarkozy Threat to Shun Banks on Pay Draws U.S. Alarm (Update2)
• “Sears to Let Jobless Stop Payments, Still Keep Fridge (Update1)

Leave a comment