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Posted By: Kenneth E. Lamb
Friday February 5th, 2010 - 6:52AM
Froget the Happy Talk from Wall St. bankers who put $60-billion in bonuses in their pockets; the reality of their cluelessness is obvious.
Written by Ylan Q. Mui And Steven Mufson - Courtesy of: www.washingtonpost.com
In the United States, investors began dumping stocks minutes after the opening bell and the major market indices stayed in negative territory all day. Commodity and energy stocks led the declines, which were the biggest in a single day this year. U.S. markets are now down for the year: The Standard & Poor's 500-stock index is down 4.7 percent, the Nasdaq Stock Market is down 6.3 percent and the Dow is down 4.1 percent. The slide spread to Asia on Friday, as Japan's benchmark Nikkei 225 average fell by as much as 2.6 percent in early trading.
