Credit Crunch Still has a way to go in Kentucky
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Like most investors, I'm delighted when markets rise — even when, for the life of me, I can't figure out why. Until last week, that's how I was feeling. Since the market bottomed on Aug. 16, in the midst of a credit meltdown and market turmoil, it had soared to new highs. It was as if Fed Chairman Ben Bernanke had pulled out a magic wand, waved it to produce a half-point rate cut, and poof! The credit crisis was gone.
Then came Friday's 366-point decline in the Dow Jones Industrial Average, which ended the week down over 4%. ...." from SmartMoney
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