From Bloomberg:
Fear Trumps Greed as Market Woes Paralyze Economies
...Investors are in the grip of a panic that psychologists and historians say isn't necessarily rational and may intensify. They aren't buying stocks, and more importantly, suddenly afraid they won't be repaid, they aren't making loans by buying bonds. Banks have also tightened credit.
``People are driven by images of the best and worst that can happen,'' says George Loewenstein, a professor of psychology and economics at Carnegie Mellon University in Pittsburgh. ``The image of the worst is much more vivid in their minds right now.''...
Panic sweeps stocks Stocks plummeted for a seventh straight session as investors bet recent moves by authorities worldwide would not be enough to avert a recession. Full Article | Full Coverage
Dow Drops 679 Points; Market's 7-Day Rout Leaves U.S. Reeling
Economists Expect Crisis to Deepen
From the Associated Press:
Stock market plunging into pit of despair
From Market Movers:
From Clusterstock:
And:
A Few Weeks Away From Global Economic Catastrophe
From 24/7 Wall Street:
And:
Apocalypse Now: Do The Markets Have A Chance To Recover
From the Kirk Report:
The Stock Market Crash Of 2008
From The Financial Times:
Wall Street plunges in frenzied trading
From the Wall Street Journal:
