Stocks fell sharply as turmoil in the auto industry and depleted hope for financial and economic stability eroded much of the market's March gains.
WSJ
Despite all the talk about more government involvement being the key to quick recovery, all of the meddling in private industries led to yet another dive in stocks, led by the banking and auto industries. With the Administration talking about expanded authority to take over banks and non-banking financial institutions, and then forcing the current GM chief exec out on his ass, stock holders are showing little or no confidence in the government's ability to micro manage private industries...and so am I. So, we should all thank the Obama Administration for having the exact opposite effect they intended. Job Well Done!
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