by Will Swarts
Stocks came into last week having gained 30% from the bottom they hit in early March. But as the week progressed, and traders were presented with a mixed bag of economic and corporate data, it became apparent the rally was quickly losing steam. It didn’t help that on Thursday and Friday Chrysler and General Motors (GM: 1.18, +0.09, +8.25%) announced they would end relationships with almost 2,000 of their dealers. When the closing bell rang on Friday the Dow Jones Industrial Average had shed 300 points, or 3.5% for the week.
more in:
http://www.smartmoney.com/Investing/Economy/Searching-for-the-Roots-of-a-Recovery/
Ruin-Nation
11 months ago
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