Dow is under 8,700 — is this the expected retest of the prior lows?
The news is certainly as grim as ever:
Wachovia writes down $23.9. billion
Grim Earnings Weigh on Stocks
First Birthday for the Recession?
Kerkorian’s Ford Exit Sparks Fear of Failures at Big Three
California Home Sales Revive With Intense Pain
CDO Cuts Show $1 Trillion Corporate-Debt Bets Toxic
Mervyn King warns of Britain’s ‘long march’ out of recession
I noticed that last night, there were many cogent arguments against the bull trade right here.