Why the Stock Market Keeps Plummeting

Faced with ubiquitous signs of global economic meltdown, investors sold stocks in force on Tuesday, dragging the broad market indexes down near the lows reached last November. The Standard & Poor’s 500 index, weighed down by financials, fell 4.56%, while the Dow Industrials sank 3.8%, falling to within a fraction of its November 2008 low. Among the hardest hit sectors were bank stocks, down 10%, oil service stocks, down 8.2%, and semiconductor stocks, which fell 6.7%

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Exit polls suggest Israel taking center line

Early exit polls showed a surprise narrow lead for the centrist Kadima party as voting ended in Israel’s elections Tuesday, Israeli television networks reported. Kadima, led by Foreign Minister Tzipi Livni, appeared to have an edge over the conservative Likud bloc led by former Prime Minister Benjamin Netanyahu. But CNN correspondent Ben Wedeman and Israeli political analysts warned that exit polls had been wrong in past elections

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