This is getting to the point where it is not even news anymore than a near daily occurrence.

Investors abandoning stocks as punishing recession appears at hand

NEW YORK - Wall Street capped another difficult week with steep losses Friday, sending the major indexes to their lowest levels in more than five years as markets around the world skidded lower on the belief that a punishing economic recession is at hand.

It was a dramatic, fractious day on the Street, with the Dow Jones industrials falling more than 500 points soon after trading began and, following the pattern of recent sessions, recovering ground only to fall sharply again. They ended the day with a loss of 312.

OWWWW..MY HEAD HURTS! SELL SELL SELL! OWWW!

The pullback on Wall Street wasn’t as steep as some observers had feared after stocks plunged overseas in response to another round of grim corporate news. A profit warning Friday from electronics maker Sony sent its shares tumbling in Japan and offered only the latest example that companies are girding for a slowing economy and a pullback among consumers worried about falling home prices and losses on their investments.

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