Ouch. After dropping 369 yesterday the Dow dumped another 508 today. Before the bailout bill was passed one expert predicted a Dow of 8300 if the bill didn't pass. It passed and the Dow has now dropped to 9447 and show no signs of slowing down.
Tell me again how the bailout is going to fix the problem?
I'm starting to worry that this is becoming a self-fulfilling panic. I really thought we might see a 200 point rally today, which is what usually follows a big sell-off. If the sell-sell-sell mindset doesn't stop soon, this is going to get out of hand.
Tuesday, October 07, 2008
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment