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  • It's Here -- Credit Bubble Bulletin, by Doug Noland

    11/22/2003 5:18:57 PM PST · by arete · 161 replies · 476+ views
    PrudentBear.com ^ | 11/21/03 | Doug Noland
    Unedited! A faltering dollar, along with terrorism and trade concerns, weighed on global equity markets this week. Here at home, stocks faced only moderate selling pressure. For the week, the Dow and S&P500 declined better than 1%. The Transports dropped 3% and the Morgan Stanley Cyclical index declined 2%. The Utilities and Morgan Stanley Consumer indices lost about 1%. The small cap Russell 2000 declined 1%, with the S&P400 Midcap index declining less than 2%. The technology sector was under general selling pressure. The NASDAQ100 declined 2%, the Morgan Stanley High Tech index 3%, and the Semiconductors 1%. The Street.com...