By  on September 23, 2008

As Washington struggled to hammer out a compromise over the mortgage bailout, investors expressed their reservations about political gridlock and just how bitter a pill they would be asked to swallow by pulling their money out of stocks and moving it into commodities.

The Standard & Poor’s Retail Index closed on Monday at 371.13, a drop of 23.11 points, or 5.9 percent, the second-largest drop since the index was recalibrated in mid 2002. The largest drop for the measure of retail stocks was last Wednesday’s 6.4 percent fall.

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