Setting Up For Monday

This kind of report doesn’t bode well for influencing the stock market in a good way Monday.

Credit Crisis Expands, Hitting Wide Swath Of Consumers

The credit crisis triggered by bad home loans is spreading to other areas, forcing banks to tighten credit and probably extending the credit crisis that’s dragging down the economy well into next year, and perhaps beyond. That means consumers are going to have an increasingly difficult time getting bank loans for car purchases, credit cards, home equity credit lines, student loans and even commercial real estate, experts say. When financial analyst Meredith Whitney wrote [...]