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Stocks drop; could be longest losing streak since 2002
Stocks fell sharply Friday, a day after the market broke its longest losing streak in more than a year.
Unless shares rally, they are on track for a sixth straight weekly loss — longest losing streak since the fall of 2002. The market's last seven-week stretch of losses began in May 2001, as the dot-com bubble deflated.
Stocks have suffered this month after a raft of weak economic news dampened hopes for a speedy recovery. Traders fear that weaker hiring, industrial output, and a moribund housing market are reversing a bull market that lifted the Dow Jones industrial average 20% the past year.
http://www.usatoday.com/money/markets/2011-06-10-wallstreet_n.htm
then again, isn't june usually a bad month for stocks
Stocks fell sharply Friday, a day after the market broke its longest losing streak in more than a year.
Unless shares rally, they are on track for a sixth straight weekly loss — longest losing streak since the fall of 2002. The market's last seven-week stretch of losses began in May 2001, as the dot-com bubble deflated.
Stocks have suffered this month after a raft of weak economic news dampened hopes for a speedy recovery. Traders fear that weaker hiring, industrial output, and a moribund housing market are reversing a bull market that lifted the Dow Jones industrial average 20% the past year.
http://www.usatoday.com/money/markets/2011-06-10-wallstreet_n.htm
then again, isn't june usually a bad month for stocks