HolyCoast: Dow Jones in Free Fall
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Thursday, May 06, 2010

Dow Jones in Free Fall

As I write this the Dow Jones Industrial Average is down 968 points and falling.  How's that demonization of Wall Street going?

Well, at least Obama is taking care of that Arizona immigration law.

UPDATE:  Very volatile, but recovering some.  Still an hour to go.

UPDATE 2:  Was down 998 at the worst, but rebounded to down 346 at close.  Still a bad day, and I have to wonder what tomorrow may hold.  There's video of the worst part of the falloff here.

4 comments:

Anonymous said...

Moron, this has NOTHING to do with the fact that Wall Street is finally being reigned in after 3 decades of growing greed. This has to do with Greece dragging down the value of the Euro, and growing fears that they DON'T have a leader in charge that is capable of reigning in their problems, like Obama has donw in the US.

The Right Wing: not letting facts get in the way for 50 years & counting

Anonymous said...

Did it ever trigger the 10% maximum drop limit? I've never seen it fall like that.

It's recovering slightly - only down 410 as I type.

Rick Moore said...

By the way, to the first commenter it's "reined in" not "reigned in". Now who's the moron?

Anonymous said...

Typical...you pick the nitpicky spelling error, and try to use that as a platform to make it look like I was incorrect in my statement.