Saturday, January 19, 2008

More Stocks Woes

Stocks close lower at end of losing week
January 18, 2008 - 1:52 pm By: Malcolm Morrison, THE CANADIAN PRESS
Stock markets sustained more losses Friday, capping a dreadful week where North American indexes shed hundreds of points and surrendered the last of 2007 gains, as investors held out little hope that an economic stimulus plan outlined by U.S. President George W. Bush can keep the American economy from recession
Tebbutt adds it's hard to see what could turn markets around at this point.
Bond-insurer woes may trigger more write-downs
By Alistair Barr, MarketWatch
Last update: 6:08 p.m. EST Jan. 18, 2008

SAN FRANCISCO (MarketWatch) -- Just when you thought it was over, trouble in the $2.3 trillion bond-insurance business could trigger another wave of big write-downs from banks and brokerage firms,

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