US markets sag after global selloff
Oct. 16 - Investors get little reassurance as US banks report huge losses and US industrial production falls far more than expected.
Meanwhile hedge funds feel the financial pain- Highland Capital Managements says it will shut down two funds, while Citadel Investment group describes September as "devastating". Manoush Zomrodi reports.
SOUNDBITE Sam Stovall, Standard & Poor's
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