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Wizard

06/22/09 11:09 AM

#200845 RE: Rawnoc #200249

Oops. Fly in the "10,000" ointment. Media wonders if perhaps the recession is not over. To which I respond: "Um, duh !!"

Stocks smacked by global slowdown fears
Dow plunges over 130 points; Nasdaq, S&P 500 sink over 2% after World Bank cuts global growth forecast. Oil prices slump. Bond prices rally.

NEW YORK (CNNMoney.com) -- Worries about the economic slowdown dragged on stocks Monday morning, after the World Bank said the global recession has worsened.