The disappointing performance of Long Island's stocks was within a broader context of market turbulence in 2007. It was a volatile year in national and international markets, particularly after the U.S. mortgage crisis took hold. Read some reviews of the year in the markets:
http://www.washingtonpost.com/wp-dyn/content/article/2007/12/31/AR2007123102081.html
http://www.nytimes.com/2008/01/02/business/02cnd-markets.html?_r=1&ref=business&oref=slogin
http://biz.yahoo.com/ap/071231/wall_street.html
http://online.wsj.com/article/SB119910457960759253.html?mod=hpp_us_whats_news
--Noel Rubinton