Thread: DOW drops again today

Thursday, November 20, 2008
Uptick
Selling Rampage Sends S&P Back to 1997

With the specter of a collapse of the auto industry looming, Wall Street's bleeding spread further on Thursday, sending the S&P 500 to 11-year lows and crude oil prices plummeting below $50 a barrel.

Fueled by growing economic fears and plunging financials, the latest selloff marks Wall Street's steepest two-day percentage drop since October 1987.

Today’s Market

The Dow Jones Industrial Average fell 444.99 points, or 5.56%, to 7552.29, the broader S&P 500 lost 54.14 points, or 6.71%, to 752.44 and the Nasdaq Composite slid 70.30 points, or 5.07%, to 1316.12. The consumer-friendly FOX 50 fell 35.60 points, or 5.67%, to 591.77.

http://www.foxbusiness.com/story/market ... res-lower/

And Barney Frank was re-elected? Either CT voters are wandering around in la-la land or Diebold voting machines work wonders.

There was a preliminary announcement of a bailout for the big 3, which sent the market up three digits, which turned out something Congress would not pass, so any vote is delayed until next month. Then Paulson gave a speech which explained nothing to anyone that understands English. And according to CNBC today, workers that have healthcare coverage through GM are the largest customers for Viagra in the world.