How to Create a Stock Panic With Two Little Words
When does stock research go from being a helpful insight to the irresponsible equivalent of shouting “Fire!” in a crowded theater? People owning shares in E-Trade are probably wondering that today.
E-Trade (ETFC) has not exactly been a darling of the stock market lately. Its shares had fallen to close below $9 at the end of last week from $23 just four months ago amid news that its mortgage business was getting battered by the subprime mess. (Ironically, E-Trade branched into that…