Bullish Blog

AP - President Bush and the world’s financial leaders staged repeated displays of unity Saturday to combat an unfolding credit crisis, hoping to calm investors whose panic has spread despite bold and accelerating government action.

Reuters - The main index of the Toronto Stock Exchange tumbled almost 6 percent on Friday as the latest wave of panic swept through global equity markets, wiping billions of dollars more from investor portfolios and pushing commodity prices sharply lower.

AP - “There’s nothing that’s come anywhere near this.”

An awful week ends with a wild day: The Dow falls 128 points — after falling nearly 700 at the open. Stocks may open sharply higher Monday on hopes for a strong plan from the Treasury to shore up major U.S. financial companies. Industrial nations push a new plan to ease the credit crisis.

Reuters - The Dow and the S&P 500 dropped for an eighth session on Friday, as a dramatic late-day comeback stalled out to cap the worst week ever for the S&P amid more anxiety about the condition of credit markets and the threat of a global recession.

Reuters - The Toronto Stock Exchange’s main index tumbled 700 points on Friday afternoon, as commodity stocks slid along with underlying prices on deepening fears the world economy will go into recession.

The automakers are staggering, burning through thin cash reserves even as their shares tank. But no one knows when consumers will start buying new vehicles again.

U.S. News & World Report - MOSCOW–By any measure, Russia’s stock markets have been on a sickening ride.

Reuters - Finance chiefs of the world’s major economies pledged on Friday to take decisive action and work together to stem the escalating financial crisis after another day of gut-wrenching drops on world markets.