That the Dow fell 500 points today?
That the Dow fell 500 points today?
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http://money.cnn.com/2008/09/15/mark...ex.htm?cnn=yes
Is this a first?
$4 dollar a gallon gas and now the worst one day loss since the reopening of the markets after 9-11. How anybody can say our economy is not that bad is living in a dream world imo.
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If I had stock in Lehman I'd be throwing a fit today. Feds can go bail out Freddie and Fanny but say the hell with Lehman? Days like today make me think my money is better off rolled up in a sock.
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It closed down, over 500 points. And oil closed at just a little over 94 bucks a barrel and we are paying more now for gas than we did when it was 147 a barrel.....GO FIGURE!!
Which is why I have driven absolutely no where since Saturday. It's bad when you see somebody my size walking around.
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It just shows the irresponsiblity of banks for the last 20 years. Now everyone has to pay for it.
"Call me crazy, but I want to buy the Dallas Cowboys end zone and have the star right at the foot of my bed. That way when I score, I can spike the ball right on the star!" -Woody Paige, Around the Horn 10.9.08
AIG stock dropped over 50% today as well? The more I read on this the better it gets.......
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As for the oil industry, the sad part is, its local businesses taking the biggest advantage of it ( I dont just mean this area) versus big corporations. The production in the gulf was down 77% last week because of the hurricane. Its not like all the petro for the US was stopped or anything. Thats a minor part of our total amounts.
"Call me crazy, but I want to buy the Dallas Cowboys end zone and have the star right at the foot of my bed. That way when I score, I can spike the ball right on the star!" -Woody Paige, Around the Horn 10.9.08
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