While you were sleeping: Bears rally on weak outlook

Thu, 21 Jun 2012

By Margreet Dietz June 22 (BusinessDesk) - The bears were firmly in charge today, sending Wall Street and stocks in Europe lower, amid intensifying concern about the sustainability of global economic expansion. Those worries were reflected in recommendations such as from Goldman Sachs, which said it expects the Standard & Poor’s 500 Index to drop about 5 percent from current levels. In late afternoon trading in New York, the S&P 500 index was trading 1.82 percent lower at 1,331.07. “With incremental US monetary policy on hold, the market wil...

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