Monday, July 21, 2008

Hunting paintings

Hunting paintings
impressionist painting

The Nasdaq composite index tumbled to its lowest close since 1998 Tuesday on fears that the fast-weakening economy will further erode corporate profits.
  The Nasdaq composite index tumbled to its lowest close since 1998 Tuesday on fears that the fast-weakening economy will further erode corporate profits.  Fresh data showed that consumer confidence fell, new home sales slipped, and orders for big-ticket items dropped. The news gave stock investors, already hit by slowing earnings, another reason to sell.  "It confirms the weakness in the economy, and that's not good for the market," John Forelli, senior vice president at Independence Investment Advisors, said of the soft economic data.

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