Archive >Commentary Archives Commentary ArchivesCredit Bubble BulletinInternational PerspectiveMid-Week AnalysisGuest CommentaryMarket Summary Related LinksStock indices Index returnsMarket actionMarket statsCompany newsEarnings SummaryAnalyst actionsBond ratesBond spreadsCommoditiesEconomy Credit Bubble Bulletin, by Doug Noland Soul Searching September 20, 2002 (My apologies, but a proofreader was not available this evening) It was a dismal week for global financial markets. Here at home, the Dow dropped 4% and the S&P500 sank 5%. The Transports declined 3%, while the Utilities and Morgan Stanley consumer index dropped 4%. The Morgan Stanley Cyclical index dipped 5%. The broader market came under heavy selling pressure, with the small cap Russell 2000...