Wall St Wk Ahead: Fed meeting, subprime jitters on tap

Newswire

By Cal Mankowski NEW YORK, June 22 (Reuters) - One of Wall Street's oldest maxims will be put to the test next week: markets don't hit bottom on a Friday. Stocks closed out their worst week in more than three months on fears that trouble at two Bear Stearns hedge funds may signal bigger problems ahead for credit markets. Whether investors worry through the weekend and remain in a selling mood on Monday remains to be seen after the main stock indexes all fell by more than 1 percent ...

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