http://www.marketwatch.com/news/story/us-stocks-slammed-dow-decline/story.aspx?guid=%7B9384C3E2%2D4648%2D4F0A%2D96D0%2D16CA32881444%7D
Jan. 11, 2008
U.S. stocks slump; close lower on write-downs
Dow industrials down 558 points in 8-day run; Nasdaq off 8% since year
began
By Kate Gibson, MarketWatch
NEW YORK (MarketWatch) --
Stocks on Friday stumbled to end steeply lower, the Dow socked by its
worst first-eight-trading-days-of-a-year run in 17 years, as
write-downs and slashed profit forecasts signaled slowing consumer
spending and fueled talk of recession.
"From an earnings perspective, we're already in recession," said Jack
Ablin, chief investment officer at Harris Private Bank.
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Harry
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