Dow Jones ends day below 10,000 - Oct 6

Dow Jones ends day below 10,000

NEW YORK - Wall Street suffered through another extraordinary and traumatic session Monday, with the Dow Jones industrials plunging as much as 800 points — their largest one-day point drop — before recovering to close with a loss of 370. The catalyst for the selling, which also took the Dow below 10,000 for the first time in four years, was investors’ growing despair that the spreading credit crisis will take a heavy toll around the world.

Investors have come to the realization that the Bush administration’s $700 billion rescue plan and steps taken by other governments won’t work quickly to unfreeze the credit markets.

That sent stocks spiraling downward in the U.S., Europe and Asia, and drove investors to sink money into the relative safety of U.S. government debt. Fears about a global recession also caused oil to drop below $90 a barrel.

Full Article

When will it stop?

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[edit on 6/10/2008 by Mirthful Me]

I am watching teh markets now.
Some are going up. I guess a sign of life?

money.cnn.com...

Ausi, Norway and Sweden.
Japan... suck it.

the last beat on the heart monitor before it sings one tune. -dead----

*still keeping fingers crossed
[that we pull through of course]

[edit on 6-10-2008 by ConMi27]

You gotta be kidding. It's looking horrible if you ask me.

ok, forget about sweden.
They just went red again....

Clawing the walls with their nails, they slowly sink back into the well...

oh wait they came back....

NVM, bottom just dropped on sweden.

For some reason Australia is doing good ?


Japan... still suck it.


[edit on 6-10-2008 by R3KR]

[edit on 6-10-2008 by R3KR]

reply to post by R3KR


let me turn on my tv...

s&p is up -

reply to post by ConMi27


Yeah I think a lot of people saw this coming. What a great way to introduce the Amero.

Originally posted by Chaos3003
reply to post by ConMi27

 

Yeah I think a lot of people saw this coming. What a great way to introduce the Amero.

So market falls and how is that related to introducing a new currency again?