Orange County Register

Local property-related stocks tumbled Monday as market gave back some of late last week’s rebound from the recent meltdown. Bloomberg News’s index of O.C. stocks fell 3.3% vs. 3.8% for  the broader S&P 500. Among the local losers …

• Homebuilder Standard Pacific closed at 4.85, down 29%
• Property owner/manager Grubb & Ellis closed at $3.17, down 10.7%.
• Mortgage owner Impac closed at 36 cents, down 10%.
• Hotel owner Sunstone closed at $13.77, down 9.7%.

Other bailout news …

• Oil spikes $25 a barrel on anxiety over US bailout
• Markets remain skittish as investors seek safety
• Congress, Bush team agree on some bailout terms
• Morgan Stanley to sell 20 pct stake in itself
• Credit markets ease slightly on bailout plans

Our take on the meltdown …

• Morgan, Goldman to become full-fledged banks
• Blame greed, Insider Q&A is told
• Crisis fix recap: O.C. S&L stock doubles
• O.C. gov’t profiting from Wall Street crisis
• Pimco wants to manage gov’t-seized assets
• Is small business slammed by market crisis?

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