Stocks were trading lower, weighed down by fears of further deterioration in the subprime lending industry. Another rally in the yen and weaker-than-expected U.S. retail sales also dampened sentiment.
"We're seeing more of the same with market continuing to vacillate between fear of a slowing economy and slowing earnings," Randy Bateman, Chief Investment Officer at Huntington Funds told CNBC.com. "Six weeks ago nobody knew what subprime meant. Now it's the buzz everybody's talking about.
Danas mi je privukla pažnju LEND - Kompanija čija sudbina može lako biti jednaka onoj od NEW - banke su povukle financiranje i moguć je bankrot.
Dionica LEND (Accredited Home Lenders Holding Co) je pala 50-tak % i brokeri ne primaju shorting naloge, a put-evi su poprilično skupi i nelikvidni - ista situacija je bila na NEW.
Nad cijelim tržištem lebdi mračni oblak subprime morgage kuća i vuče indexe dolje, uz zabrinutost da bi se to moglo preliti u cijelu ekonomiju i odvući u recesiju.
Ni ostali podaci danas nisu izašli dobri:
Sales at the nation's retailers edged up by 0.1% in February as bad winter weather in many parts of the country kept shoppers away from the malls.
Shoppers in February cut spending on a wide range of goods, including home furnishings, building and garden supplies, clothing, electronics and appliances, and sporting goods, books and music. They also ate out less.
A bright spot was auto sales, which went up by 0.9% in February. That followed a decrease of the same size in the previous month.
The latest retail figures were weaker than economists were forecasting. They expected sales would go up by 0.3%.
Post je objavljen 13.03.2007. u 16:12 sati.