For stocks, high anxiety rules

NEW YORK (Reuters) - High anxiety on Wall Street won't subside next week as the deepening credit crunch pushes the global economy into recession and corporate profits increasingly become an afterthought as investors scramble to raise enough cash to weather the credit crisis. On the heels of a panic-riddled sell-off that caused the Dow industrials and the S&P 500 to plummet for eight days in a row, finance ministers and central bankers from the Group of Seven rich industrialized nations met on Friday to discuss jammed credit markets and the staggering global economy. Over the weekend, bankers from the Group of 20 emerging and industrialized nations also were scheduled to meet in Washington ahead of the International Monetary Fund and World Bank meetings. While corporate earnings season gets into full swing next week, results... [read full story]