Why The Hartford Took a Hit on Wall Street
National News October 6, 2008
The Hartford Financial Services Group Inc. lost nearly $9 billion of market value last week as investors fled the financial sector during the worst crisis in decades.
"We've got contagion right ...
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Subject: tumbling stock prices
Posted On: October 6, 2008, 12:46 pm CDT
Posted By: Stat Guy
Comment:
Are the result of the telling truth about Wall Street: no one invests for the earnings potential in the long run; it's all a shell game for speculation and now the B*stards are jumping ship like the rats they are. Too bad my 401(k) depends on earnings as well as the value of the portfolio because my holdings are decimated as the "investors" run for their mattresses. Didn't learn anything in Macro-economics, I guess, and the great depression: George Santayana is spinning in his grave now...
Subject: tumbling stock prices