More weak data, hedge-fund selling seen this week (AP)

Posted by admin on October 28, 2008 under News | Be the First to Comment

More weak data, hedge-fund selling seen this week (AP)

Specialist trader Joesph DePalma works on the floor of the New York Stock Exchange, October 27, 2008. (Brendan McDermid/Reuters)AP – In a typical recession, stocks start recovering about six months before the economy does. The crisis we’re in right now, however, is anything but typical: Lending is frozen, hedge-fund selling is happening on a massive scale, and economic troubles have spread all over the globe.


Add A Comment