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Thursday, August 18, 2011

U.S. Stocks Tumble on Global Growth Concerns - Bloomberg

U.S. Stocks Tumble on Global Growth Concerns - Bloomberg: “It’s almost like a worldwide buyers strike,” Michael Mullaney, who helps manage $9.5 billion at Fiduciary Trust in Boston, said in a telephone interview. “There’s a general malaise on global economic activity. People continue to downgrade their expectations on growth. There’s concern about funding problems. That’s making us very nervous and we want to take risk out of portfolios at least for the immediate future.”

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