S&P 500: -28.41 (-3.48%)
Anyone expecting a continuation of last week’s euphoria got slapped in the face. Most of the market-moving news was delivered this weekend, a throw back to last fall when Sunday reports drove sentiment for the week. Notably, the Obama administration sent a harsh message to U.S. automakers and then warned that some banks will need more aid. Oil prices dropped more than 7 percent, reflecting uncertainty regarding the economy.
Quick Hits
- Who Else Is Hurt by Automaker Woes?
- Mark-to-Market Lobby Buoys Bank Profits 20% as FASB May Say Yes
- Bear Market Recoveries Since 1950 (click different dates at the top of the page)
Peter Lazaroff, Junior Analyst
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