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10:44:46 am on February 29, 2008 | # |
Stocks get slammed by recession jitters
NEW YORK (CNNMoney.com) — Stocks tanked early Friday afternoon after AIG’s record loss, compounded by weak readings on manufacturing and consumer sentiment that helped revive recession fears.
Adding to the downbeat sentiment were record-high oil prices, the slumping dollar and reports that a rescue of bond insurer Ambac has hit some roadblocks. (Read More)
Man better get ready to hold on to your hat! I can say from my personal experience things have slowed down at my place of employment as well. (pie)
