Thursday, March 05, 2009

when will this end?

Stocks tumble as investors worry about banks, GM

NEW YORK – Investors fled Wall Street again, driven by worries about the nation's big banks and General Motors Corp.

Stocks ended at 12-year lows Thursday, more than wiping out the previous day's rally. Investors wrestled with more disheartening economic data, new concerns about GM and relentless uncertainty about the financial system. Short selling ahead of the government's Friday employment report exacerbated the losses, slashing 281 points from the Dow Jones industrials and sending all the major indexes down more than 4 percent.

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