Wall Street Jittery After Drop

Markets jittery after stock drop

By Peter Fearon, Newser Staff

Posted Jul 30, 2007 4:47 AM CDT

(Newser) – Wall Street has a case of nerves. After last week's market drop, the worst in five years, investors shouldn't expect any more "Merger Mondays" for some time to come, the New York Times predicts. Instead opening the week with big new deals, to send the market to new highs, banks and private equity firms spent the weekend trying to figure out what to do with higher debt costs on pending deals.

All indicators show a continued volatile period ahead. It's as if the market has taken a sudden U-turn, switching from complacency about risk to hysteria, said one expert. "When you have this reversal, the markets are throwing the baby out with the bathwater," he warned.

(AP Photo/Richard Drew) (Associated Press)

(AP Photo/Henny Ray Abrams, file) (Associated Press)

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Wall Street Jittery After Drop

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Anxious Days on Wall Street

investing • private equity • stock market • Wall Street • debt • bank

MOST POPULAR STORIES

[ By Views ]

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More Newser Stories

Day Traders Jump Back Into the Game

Low interest rates entice small, leveraged players

Wall Street's Fear Index Hits a Record High

VIX, measuring volatility in markets, hit highest level in 15-year history Friday

Following Herd Out of Market Will Sting in Long Run

No reason stocks won't be back: economist

Fed Loosens Reins on Private Funds Buying Into Banks

But some worry risky loans will result

A Year On, Credit Crisis Lingers

'Vicious circle' threatens broader economy

About Us

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Newser By Users

Community

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