U.S. stocks to extend losses next week

[fabijo]

Can you get any more dismal??
This one's for you, Birch.


U.S. stocks to extend losses next week
Turmoil on Wall Street, Citi, to take toll
http://www.marketwatch.com/news/sto...x?guid={F5B32347-B6FD-4B3D-B6CF-B3140096F861}

SAN FRANCISCO (MarketWatch) - U.S. stocks will extend their losses next week as concern over poor earnings, oil nearing $100 a barrel, and more turmoil in the banking and brokerage industries promise to rock Wall Street for a second week, with Citigroup Inc. at the center of the action on Monday after an emergency weekend board meeting.

...

"Holders of U.S. equities are nervous and holding on by their fingernails. There is going to be little or no good news coming any time soon," wrote Adam Hewison, president of INO.com, a technical analysis Web site.