Tuesday, March 6, 2007

How housing ills killed the bull

Who's to blame for the recent stock plunge? Not China. The big cause is a little closer to home.

Latest Market Update

March 06, 2007 -- 16:20 ET

[BRIEFING.COM] One week ago fears that the market was getting ahead of itself, after running virtually unabated since bottoming in July, caught the bulls off guard, resulting in the biggest one-day point decline since the U.S. markets reopened on...

By Bill Fleckenstein

The landscape of Wall Street has changed. Tuesday's shellacking leaves no other conclusion. But how has it been altered, readers will ask, and what might that mean? I've got my opinions, which I'd like to now share.

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