A SPECTRE IS HAUNTING CAPITALISM
Oct 22/08
TORONTO — Stock markets were in retreat for a second straight day Wednesday as disappointing earnings reports and deteriorating economic outlooks sparked another selloff.
"There's a tremendous amount of anxiety out there," said Andrew Martyn at Davis Rea Ltd. in Toronto.
"The good news is nobody is being caught by surprise by a new 500-point decline in the stock market - (they're) almost battle-hardened to it."
However people are "just a bit amazed" that the downturn is continuing, he said.
The Toronto S&P/TSX composite index tumbled 397 points or four per cent in afternoon trading to 9398.9 after losing 456-points on Tuesday.
On Wall Street, the Dow Jones industrial average lost 410.3 points to 8,623.39, after losing 232 points in the previous session...
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