Equities Turn Sour on Disappointing Data, Debt Fears

S&P – March S&P futures showed resilience, shedding only 1.20 despite comments from former Fed Chairman Alan Greenspan that the US economy is heading toward recession. Current Fed board member Susan Bies did some cheerleading and downplayed some of the recent sub-prime debt fears, saying that the mortgage market is healthy by historical standards and that sub-prime loans only make up 7 percent of the overall mortgage market. Read More...