Market Update For Aguest 18, 2008

NEW YORK (MarketWatch) — Stocks fell sharply Monday, with financial-sector woes coming back to the fore amid reports of more losses at Lehman Brothers and of a bail-out for mortgage giants Fannie Mae and Freddie Mac.

Summary:

1. U.S stock fall steeply as financials worries return.
2. More losses From Lehman Brothers
3. Bail-out for mortgage giants Fannie Mae and Freddie Mac
4. Need good news from Credit and energy market
5. S&P, Nasdaq push lower.
6. Continued fall out of bad home loans.
7. Threat of Tropical storm hitting oil installation in Gulf of Mexico faded while concerns of lower demand returned.
8. U.S dollar was mostly lower against rivals.

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Possibly Related Posts:

• Foreclosures will continue because the values of homes will continue to go down for some time.
• The markets are going down because we are technically broken NOW
• Citi Blank sees Fed cutting funds rate to -2% by end-April 2009; J.P. Morgan sees Fed cutting funds rate to 0% by end-January
• My forecast for the next 6 bailouts–Things for bulls to consider
• Where will they stop? Will they ever stop?

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