MW: Stocks look cheap, but that doesn't mean you should buy
MARKETWATCH FRONT PAGE
Call it the Great Give-Back. The market's latest swoon this week sent the Standard & Poor's 500 Index to its lowest level in more than a decade, and the benchmark has lost almost half of its value since October 2007. Optimism is in short supply; so are stocks cheap? Is the U.S. market now the Great Give-Away? See full story.
Market Snapshot: U.S. stocks look for respite in holiday-shortened week
U.S. stocks will start next week with investors looking for some respite after reports of key nominations to the administration of President-elect Barack Obama helped stem heavy selling that had slammed the market to 11 year lows. See full story.
Polysilicon prices tumble on glut, solar's hit from credit crisis
Prices of polysilicon, already pressured by a coming supply glut, are tumbling fast as the credit crisis drives down demand for the solar panels that are the biggest users of the raw material. See full story.
Geithner, Clinton, Summers to take senior Obama posts
Reaching out to veteran policy makers in a troubled economic climate, President-elect Barack Obama fills four critical posts for his administration, with New York Fed chief Timothy Geither to head Treasury. See full story.
Due Diligence: As stock plummets, Citi on the brink
This time last year, Citigroup Inc. was valued at about $180 billion. As of Friday morning, its market capitalization stood at $20 billion -- and its once-proud share price had shriveled to $3.75, a 16-year low. The company's fate, if you use the stock price as a proxy, hangs in the balance. See full story.
MARKETWATCH COMMENTARY
David Callaway: Dancing with the Big Three, and other reality TV nightmares
The U.S. markets have entered a dangerous new phase, triggered by plunging financials, lack of economic hope, and relentless broadcasting of wealthy auto executives begging for taxpayer money like so many Olivers at the orphanage. See full story.
MARKETWATCH PERSONAL FINANCE
Jonathan Burton's Life Savings: How to invest well and sleep better, in good markets or bad
In this devastated market, “risk tolerance” is an oxymoron. Those little tests the online investing sites give you to assess how much risk you can handle in your investments don’t do justice to the kind of crash we’re living through.
