Black Monday
Monday, 29. September 2008, 19:14:48
House Votes ‘No,’ 228-205; Stocks Plunge
Dow 10,569.74 -573.39 (-5.15%)
Nasdaq 2,041.38 -141.96 (-6.50%)
S&P 500 1,132.87 -80.14 (-6.61%)
at 3.07 p.m. Eastern Time.
The S&P 500's decline of of 7.2% at its low is the largest intraday decline since the week following Black Monday in 1987.
If, as seems increasingly likely, we are in for an economic crunch equivalent to that of the Great Depression, today is going into the history books.
Come on, Government - govern!
UPDATE 3.26 pm. ET
Dow 10,433.86 -709.27 (-6.37%)
Nasdaq 2,009.61 -173.73 (-7.96%)
S&P 500 1,115.27 -97.74 (-8.06%)
2nd UPDATE - closing
Dow 10,365.45 -777.68 (-6.98%)
Nasdaq 1,983.73 -199.61 (-9.14%)
S&P 500 1,106.92 -106.09 (-8.75%)
















ellinidata # 29. September 2008, 19:20
I am listening to the financial market on Bloomberg and the news on CNN at the same time,
I don't know if I will be able to last till sundown....
musickna # 29. September 2008, 19:26
We are paying the price not only for the greed of the few but also for the economic ignorance of the many. The many will soon be paying their price acutely as their retirement savings and their jobs disappear.
vandrew # 29. September 2008, 19:42
ellinidata # 29. September 2008, 19:44
yes,
by voting the right President after we become informed and after we think !!
musickna # 29. September 2008, 19:45
I really hope this is avoided but it's not looking at all hopeful at the moment.
noah counte # 29. September 2008, 19:49
Will this submarine McCain's candidacy? He "suspended" his campaign to resulve this thing, but didn't. He left the race to return to Washington to "offer leadership." I think this is way worse for Mccain than Obama. And way, way worse for America (and the world) than for either candidate.
noah counte # 29. September 2008, 19:51
musickna # 29. September 2008, 19:55
noah counte # 29. September 2008, 20:03
How the hell did they let it go to a vote, when there was not concensus. I mean, it wasn't even close!
PainterWoman # 29. September 2008, 20:06
PainterWoman # 29. September 2008, 20:21
ellinidata # 29. September 2008, 20:25
the Dow is now -777
who ever thinks this is not serious business he/she is not living the reality
it is the first time in the history in Wall Street to ever be this low !
Every American has to hear about it,
and know about it!
Mutual funds ,
retirement plans,
college loans
everything is changing as we speak...
American Life changes effective today
musickna # 29. September 2008, 20:29
PainterWoman # 29. September 2008, 20:38
http://my.opera.com/AOTEAROAnz/blog/2008/09/29/hahaha-beatbox-sweatheart-love-it?cid=6126019
musickna # 29. September 2008, 20:49
musickna # 29. September 2008, 20:50
musickna # 29. September 2008, 21:06
ellinidata # 29. September 2008, 21:16
According to Wolf on CNN they are spreading that "Democrats gave too much emphasis on the political side than the economical problems,
that's the reason that the Bailout Bill failed."
They do not admit that they came short by 12 votes for passing the bill ....
As for Palin that will be next to a 72 year old man and a breath away from the Presidency,
I am sure she is pulling her hair to understand what is going on...
If you did watch the Katie Couric/Palin interview the woman has no idea of what she is into ...
I will start praying for McCains' health 3 times a day if he is elected...
musickna # 30. September 2008, 00:59
vandrew # 30. September 2008, 03:47