Daily Views for 1/8/2008
The Odd Couple The stock market took a hit on all fronts today. All three major stock markets were off 2%. The Dow sank a whopping 238 points to 12589, the S&P 500 was down 26 points to 1390 and NASDAQ off 59 points to 2441. The major American stock market averages are now down 5% from the start of the year. Not a good start to 2008, the year of the Rat on the Lunar calendar. Today’s market results lend credibility to the Wall Street adage “Better Standard than Poor”…and there wasn’t much that was standard today. Among the…