Monday, December 17, 2007

Stocks keep slipping

Stocks down again. Dow declined 173, decliners beat advancers 4-1 and NAZ was down 61. Ouch! Pretty much the same story. Caterpillar (CAT) was downgraded by Morgan Stanley & slipped 2.23. Retail sales are forecasted to come in with gains of 4-6% depending on who you read, so-so. Plenty of economic worries to keep the market nervous. Since this is a period pre holiday period, these conditions may drag on for the rest of the week.

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