The DOW had dropped 500 points when I woke up this morning...
Then it dropped to 700...
My brother refreshed the page just now and the Yahoo News headline said it is down 800 points.
The first time its dipped below 10,000 since 2004.
What happened to our knight in shining armor: 700 billion dollars coming to our rescue? All the talk of the "Bail-Out Plan" helping?
I have not really followed the stock market very closely or monitored how the world economy was functioning. However, this is BIG. Scary Big. Germany, Russia and other parts of Europe are now effected.
1 comment:
Yeeeah the Bail-Out was a failure before it was even authorized. Hey, let's bail out people who bought a $400,000 home when they could only afford a $100,000 dollar one! Yeah, that's a good idea; let's reward irresponsibility by giving them money and pulling them our of debt!
Epic fail.
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