stock market August 8 2011

Monday Markets: Bungee Jump or Pogo Stick?

Take a weekend of pent-up selling demand (courtesy of S&P’s U.S. debt downgrade Friday night), ugly overseas markets, and more weak economic data, and what do you get? A steep, opening drop in U.S. stock prices. The remaining questions:  1) how much are they going to gyrate before prices stabilize?; and 2) what step(s) will authorities (the...
Read More