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Home Front Economy | |||
Dow Falls Below 6800 Amid Broad Retreat | |||
2009-03-03 | |||
Stocks broadly sold off on Monday amid fears that a recovery for the global economy and the banking system may still be a long way off, sending market benchmarks past another set of milestones. The Dow Jones Industrial Average declined 299.64 points, or 4.2%, to 6763.29, its lowest close since April 25, 1997. The stock measure has fallen four straight days and in 10 of the last 12 sessions, declining 14.8% in that span. The Dow is down 25% from its January 2 peak for this year and down 52.25% from its high of 14164.53 on Oct. 9, 2007.
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Posted by:Steve White |
#10 Back on November 5th, I wrote that Americans were going to be living in "Zimbabwe North" with the election of Hussein. Unfortunately, that prediction is coming true. |
Posted by: Shieldwolf 2009-03-03 20:21 |
#9 Obama is quickly becoming the Bob Mugabe of the US economy. Maybe Obama will get his picture on the trillion dollar bill. |
Posted by: DMFD 2009-03-03 19:14 |
#8 I still hold 500 Ford at 2 bucks a share, It's unlikely to go Bankrupt. Same reason I own NO GM they're already in the crapper and just waiting for the flush. |
Posted by: Redneck Jim 2009-03-03 17:50 |
#7 6000? Nice to see an optimist in this market.... |
Posted by: Cornsilk Blondie 2009-03-03 13:57 |
#6 Why put money into something that obviously lacks integrity Indeed, it's more a "scam market" than a "stock market." When I figured that out, I sold all my stock holdings, about 18 months ago. |
Posted by: Anguper Hupomosing9418 2009-03-03 11:56 |
#5 "This market will only stop when people run out of stock to sell," said Ms. Mogavero. This statement is silly and ignorant. The "market" will stop when there are no bids to buy stock. |
Posted by: Anguper Hupomosing9418 2009-03-03 11:54 |
#4 "This market will only stop when people run out of stock to sell," said Ms. Mogavero. Safe bet I'd say. Unfortunately Barry could care less, the lower it goes the more Obama Bonds he can cell. He'll be the only interest and dividend paying act in town. |
Posted by: Besoeker 2009-03-03 09:24 |
#3 Why put money into something that obviously lacks integrity and one in which those now in charge have said they'd punish any real success? |
Posted by: Procopius2k 2009-03-03 09:10 |
#2 When Barack Obama met with TV anchors at a White House lunch last week, he assured them he likes being president. "And it turns out I'm very good at it," he added. ht neo |
Posted by: KBK 2009-03-03 00:28 |
#1 Banks and FIRE institutions don't wanna come clean about the condition of their books, so this is musical chairs, the DJIA version, in which all chairs but one are removed. |
Posted by: badanov 2009-03-03 00:06 |