2008 Great Depression 2 investors wondered about the depth and length of the recession

 "The last six weeks of turmoil in the financial markets is unprecedented," Splinter said. "The weakening global economy will have significant impact on all of Applied's businesses. Our view is that this will be an extended downturn, lasting a year or longer. And that there will be significant changes in our semiconductor customer base as the industry emerges."

  Business 
Dow Down   Investor Worries
 investors wondered about the depth and length of the recession.

  Stocks Approach Their Recent Low

Hedge Fund Managers To Testify in Washington
 
The money managers have been called by a House panel to discuss some of their trade secrets at a hearing on Thursday.
Retirees Cope With Dwindling Portfolios
 
With the economy in free fall and stocks down, legions of middle- and upper-middle-class retirees are suddenly worried about having enough to carry them through.
 
Lawmakers Debate Pitfalls of Loan Modification
 
At a hearing, legislators encouraged the financial industry to alter the terms of more mortgages.
   U.S. May Ease Rules for Mortgage-Relief Program
  White House Cool to Broader Homeowner Rescue
 
A senior Swiss executive at UBS was indicted in the Justice Department’s widening criminal investigation of the bank and its offshore private-banking services for wealthy American clients.
Intel Cuts Its Revenue Forecast for Quarter
 
The world’s largest maker of computer chips slashed its revenue forecast, signaling that the global economic slowdown is reaching into the heart of the technology industry.
 
Morgan Stanley Plans Additional Layoffs
 
The company said that it would cut 10 percent of the staff in its institutional securities group and 9 percent of its asset-management group

11-12-2008