DOW PLUNGES TO END WILD WEEK:
The headline: Down Ends Week of 100-Point Swings With a Near 300-Point Tumble; Nobody Wants to Get Long Over the Weekend as Credit Worries Send Traders Bailing
The landscape out there looks similar to last Friday, Jeff Macke says. “You just don’t know what’s going to blow up on Monday” so you can’t get long over the weekend.
Jon Najarian thinks the market needs some transparency with regard to this credit crisis in order for it to trader higher. People are just too worried about Bear Stearns, the homebuilders and mortgage lenders.