The major indices remain markedly lower. Stocks have been bouncing
along for the last hour, slipping to new session lows, recovering, then
falling again.
As concerns of tighter credit and slower economic growth grip
international investors, many are pulling funds from developing
economies. That has the dollar finding buyers, despite weakness in
U.S. assets. The dollar index is up 0.2%, bringing its year-to-date
advance to 11.5%.