Tuesday, February 27, 2007

Downer Dow

The U.S. stock market took a major hit today, a historic freefall that was the worst since 2002. Here is a report from Bloomberg that explains how the plunge was preceded by a 9% drop in China's stock market. The Dow lost as much as much as 546 points, or 4.3%, during the day.
Taking a peak at a portfolio of produce stocks, I didn't see any gainers except a modest showing higher by Fresh Del Monte, which released its fourth quarter and complete 2006 results.

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