Dow(n)! Weak Manufacturing and Retail Drive Woe
Flickr: Creative Commons by Jef Poskanzer
The Dow Jones Industrial Average followed global markets down the rabbit hole again today, with weak manufacturing numbers and tepid retail figures driving the market down as fears of a recession took hold first in Europe and then in US markets.
At the closing bell, the Dow was down more than 730 points, with the Nasdaq off by 150 points. The net effect is possibly the market re-testing the bottom of 8500 established last week. The question mark here is whether of not that bottom will hold.
Look to Asia overnight for the answer.
- FILED UNDER: Finance, $700 Billion Bailout, Economy, Fed, Wall street
- October 15, 2008
Jesus Christ, you're desperate
And still proud to be a coward who spouts what any man would call "fighting words" then runs and hides. How proud that little dime piece daughter of yours must be.
I will find it so damn funny when President Obama is announced. I bet you'll cry for your mama like the little bitch that you are.
You don't have to burn books to destroy a culture. Just get people to stop reading them.
---Ray Bradbury
- parent
By LiberalIconoclastOctober 16, 2008 - 1:32am