Dow down almost 3%
anybody who thinks we're anywhere close to hitting bottom in the world financial markets is smokin' some pretty powerful stuff...
the only thing that bernanke and the fed bought with the rate cuts is just a little bit of time... damn little, it appears...
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The Dow Jones industrials plummeted 2.93 percent and other
indexes also fell sharply, on fresh signs that the United
States economy may be in the early stages of a recession. The
Dow closed with a loss of 370.03 points at 12,265.13 in
preliminary figures. A sharp decline in European markets and
news statistics showing a steep falloff in the service sector
prompted the selling.
the only thing that bernanke and the fed bought with the rate cuts is just a little bit of time... damn little, it appears...
Labels: Ben Bernanke, Dow Jones, economic collapse, economic stimulus plan, economy, Federal Reserve System
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posted by profmarcus at
2/05/2008
