Mondays Telecom Stocks Freefallin

Can’t help but hear Tom Petty when we watch the stock market these days. And on Monday morning, the only tune in our heads was “Free Fallin’.”

On the first business day after President Bush signed the $700 billion Wall Street bailout bill, the Dow industrials had fallen below the 10,000 mark and the Nasdaq had dropped 4 percent.

Telecom stocks retreated “en masse,” to quote MarketWatch and it was a gory picture. Please, let’s avoid a free fall into nothin’.

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