Published on Friday, February 05, 2010
By Pasadena Star Staff Writer
Share prices continued a volatile slide Friday over worries about the global economy and a mixed national unemployment picture.
And the ripple effects of the fourth straight monthly loss in the Dow Jones industrial average and other indexes were felt in the San Gabriel Valley.
The Dow gained 10 points in an erratic trading day, losing 170 points before coming back to settle at 10,012. Still, more stocks fell than rose on the New York Stock Exchange, where not long ago the market was on a steep upswing.
But that upswing has fallen prey to investors' worries about massive budget deficits in Greece and other European countries, as well as continued job cuts in the U.S.
"Clearly we've entered the worry, fear camp," said Rob Lutts, president and chief investment office at Cabot Money Management. "It's a very fragile investor psychology today. It doesn't take much ... to send them running for the hills
Read Full Article...
Comment/Review this Podcast:
Give us your feedback
Pasadena Star-News is interested in hearing what you think about our Podcasts.
You can give us your feedback by filling out our Audience Survey or email us directly at pasadenastarnews@shortcutlink.com.
RSS
