U.S. stocks post sharp weekly losses; bear-market nears

Date: Fri, 27 Jun 2008 17:04:51 -0400
U.S. stocks post sharp weekly losses; bear-market nears

Stocks continue to fall, unable to bounce back a day after the market
plunged on renewed concerns about financials, credit conditions and oil
topping $140 for the first time.

MarketWatch First Take: Bear market? We've been here before

Bear markets have a certain quality about them: They are, by definition,
preceded and followed by good times, writes David Weidner.

Contrarian investor prefers gold over oil

Contrarian investor Marc Faber said he could see oil rocket to $300 a
barrel if the U.S. attacks Iran, but he prefers gold to oil in normal
circumstances because of the U.S. government's potential curbing of
speculative trading.

Santa Barbara learns to live with offshore drilling

As politicians debate the merits of offshore oil drilling to ease
sky-rocketing oil prices, the pricey coastal town of Santa Barbara has
learned to live with offshore drilling but folks who live there are wary
of more oil reserve exploration in the Pacific.

Financial Stocks: Grim talk on Merrill, Morgan pressures bank shares

Financial stocks are hammered again by renewed worries about the
strength of investment banks' balance sheets after bearish broker
comments about Merrill Lynch and Morgan Stanley.