Stocks Falter on More Bad News from Europe

By
Mortgage and Lending with Annie Mac Home Mortgage

Stocks, which have been on a marathon six week march forward, took tiime out for proift taking today.  Nearing an overbought level the Dow Jones Industrials closed down 37 points in reaction to continued unrest in Euorpean financial markets.  Down almost 75 points during the day, stocks recouped some of their losses as bonds bounced off a level of resisance.  The rest of the week could show improvement, however, if 4th quarter earnings reports from the major corporations keep pace witht he nice improvement shown by Alcoa.

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