Dow Sinks 387 on Renewed Credit Concerns - The Huffington Post

Dow Sinks 387 on Renewed Credit Concerns - The Huffington Post: "The ECB's injection of money into the system is an unprecedented move, said Joseph V. Battipaglia, chief investment officer at Ryan Beck & Co., adding that it shows that problems in subprime lending are, in fact, spreading into the general economy. 'This is a mini-panic,' he said. 'All the things that had been denied up until this point are unraveling. On top of this, retail sales were mediocre, which shows that indeed, the housing collapse is affecting the consumer.'"