Financial Industry Turmoil Deals Another Damaging Blow to Major IndicesPICTURED BELOW: The S&P 500 Index fell -8.81% yesterday and hit a new 2008. Over the weekend, Congress made significant progress on the $700 billion bailout plan but markets around the world plunged and effectively cast a "No" vote. Volume totals reported were higher on the major exchanges compared to the prior session, indicative of heavy distributional action as mutual fund managers unloaded shares more aggressively. Decliners outnumbered advancers by almost a 17-to-1 rat[...]
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[Source: The Money Blogs]
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