US stocks open sharply lower on bleak Fed outlook

A trader reacts at the stock market in Frankfurt, Germany, Thursday, Sept.22 2011, when the stock index DAX lost about four percent. (AP Photo/Michael Probst)

September 22, 2011 7:26:36 AM PDT
Stocks are opening sharply lower after the Federal Reserve indicated that the U.S. economic slump could last for years.