NEW YORK (AP) -- There will be no fresh start on Wall Street Monday when traders and investors get back to work. The market's anxiety over shrinking credit remains, and even if stocks manage gains after weeks of volatility, no one will trust that they'll stick.
Without doubt the most telling statement in this story can be found here:
In the meantime, investors are uneasy because the unavailability of credit can stunt corporate growth, and, perhaps more important to Wall Street, curtail the mergers and acquisitions that helped feed a first-half stock rally. There already have been instances of deals being rethought because debt financing is harder to come by.
For the last six years we have heard Bush tout his economic policies as a way to expand corporate growth. After all growth is good in the mind of a Repignican. Now, however the worm seems to have turned.
For a chilling summary of what's been happening on Wall Street in the last week and what will likely happen in the weeks to come, check out this analysis.
For whatever reason, Bonddad never seems to get it wrong.
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