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Latest stock market news from Wall Street - CNNMoney.com Updated : S&P 500 sinks 6.7% to '97 low Wall Street slumped Thursday afternoon and the S&P 500 closed at an 11-1/2 year low as fears of a prolonged recession sparked a massive selloff. Publ.Date: Thu, 20 Nov 2008 18:26:13 EST Source: CNN.com Don't bail out of the market now Question: I know market timing is a loser's game. However, I do think there is abundant evidence that the next 12-18 months are going to be very difficult for equities. Do you see any merit in trimming some equity holdings, parking the proceeds in short-term bonds or cash, and committing to immediately dollar-cost averaging back into the market on a monthly fixed schedule? Publ.Date: Wed, 29 Oct 2008 10:32:03 EDT Source: CNN.com Global stocks fall sharply Overseas stock markets fell sharply Thursday, taking a cue from Wall Street, as investors remained anxious about the grim outlook for the global economy and corporate profits. Publ.Date: Thu, 20 Nov 2008 04:52:14 EST Source: CNN.com Kick GM out of the Dow...now! General Motors has a market capitalization of just $2.1 billion. The stock, which now trades for a little more than $3.50 a share, hit a 70-year low on Thursday. Publ.Date: Thu, 20 Nov 2008 16:44:22 EST Source: CNN.com Dollar mixed amid jitters The dollar was mixed against major currencies Thursday as investors were jittery about the global economic slowdown and as the fate of the US auto industry bailout remained in limbo. Publ.Date: Thu, 20 Nov 2008 15:43:52 EST Source: CNN.com This crisis could have a happy ending I was thinking about the financial mess the other day and I came up with this theory. I'm wary of it because it's comforting, even uplifting, and by definition any economic supposition that has a happy ending is suspect. So with that caveat here goes: Publ.Date: Thu, 20 Nov 2008 17:03:46 EST Source: CNN.com

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