Obama Urged Investors to “Buy,” But Stocks Dive Again Thursday

Trying to pump up the nation’s confidence, President Barack Obama said Tuesday that Wall Street has been hammered so hard that “buying stocks is a potentially good deal,” and he dispatched top aides to Capitol Hill to defend his plans for pulling the economy out of its deep recession. But the stock market slipped ever lower, as investors exhibited a total lack of confidence….

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NEW YORK (AP) — March 5: Investors fled Wall Street as fear grew about the stability of the nation’s largest banks and worries mounted about General Motors Corp. The major market indicators resumed their slide Thursday after a one-day rally, falling to levels not seen in more than a decade as investors contended with more disheartening economic data, new concerns about the stability of GM and ongoing uncertainty about the financial system.

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http://finance.yahoo.com/news/S
tocks-tumble-as-investors-apf-145
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