StarTribune.com Business
You can't blame investors for still feeling bruised. They carried the Dow Jones industrial average to a record high in mid-July, only to lose confidence by month's end amid news of more subprime mortgages going bad and a credit crunch that made for more expensive borrowing. Add in talk of recession, pricey oil, interest rate uncertainty and a weak U.S. dollar, and investors had plenty to lie awake thinking about during much of August and September. It wasn't until the Federal Reserve swooped in with a rate cut for banks and a larger-than-expected cut for the federal funds rate.
via business, news, lie, profits
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