Seven worries for Wall Street, and what’s next
Commentary: Global margin call sends stock investors scurrying
By Jon Markman
SEATTLE (MarketWatch) — Stocks traded over the past week with all the panache of the drunk uncle at a shotgun wedding, stumbling through four and a half weak-kneed sessions before snapping to attention at last call in the final half hour.
The concept of a random walk doesn’t really do the week justice, as the selling virus that started in China and Greece last month suddenly developed into a worldwide pandemic that saw the major developed markets lose more than 7% and emerging markets lose 10%-plus.