Investors sold and sold on Monday, sending the Dow Jones industrial average down as much as 800 points before they got tired of all that selling. U.S. stocks still ended the day with sharp losses, but a last-hour rally cut the deficit in the blue-chip barometer by more than half as professional investors seem to have stepped in and picked up shares dumped by unhappy mutual- and hedge-fund shareholders. Monday's sell-off was sparked by new fears over the health of economies in Europe and Asia. Governments in Europe raced to prepare a fresh round of bank rescue packages on Monday, but European banking stocks fell more than 7.0% and credit markets remained frozen as the likelihood of a continent-wide initiative began to fade. (See "Europe's Government Do It Their Way." Major Asian stock markets dropped to three- and four-year...
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