Wednesday, May 17, 2006

‘Stocks Took A Dribbing’

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Stocks Took A Dribbing.

This is not good...

Stocks took a dribbing Wednesday after a stronger-than-expected consumer inflation report re-ignited fears of inflation.

The Dow Jones industrial average (down 207.64 to 11,212.25, Charts) skidded about 1.8 percent after being down as much as 245 points earlier. The broader Standard & Poor's 500 (down 21.51 to 1,270.57, Charts) index sank 1.7 percent and the Nasdaq composite (down 25.68 to 2,203.45, Charts) stumbled 1.5 percent to a new low for the year.
Not just that...

‘Real estate gains came to an abrupt halt in the first quarter of 2006’.

-- The Boy in the Big Housing Bubble