Investors eye bargains as market nears bear bottom
Investors face volatile markets after a sharp drop in July. The Dow fell to 8019, down 14.5 percent, while the S&P 500 and Nasdaq also slumped. Analysts warn capitulation could signal a bear-market bottom, though timing remains uncertain. Investors like Canan Korustan seek bargains in GE and Target, eyeing Pfizer and cable stocks if declines continue.
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Bush cites fraud probes as Senate House duel over reforms
President Bush spoke of unethical corporate practices as fraud and theft while Sarbanes and Republican leaders push rival bills to tighten accounting oversight and penalties. Independent oversight, audit split, and stronger disclosure are proposed with SEC strengthening. Both chambers debate a final bill amid a stock market 400 point Dow drop.
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