Dow Jones plummets

[RATTFINK]

Ouch!

Dow Jones Industrial Average
(DJI: ^DJI)
Index Value:   10,365.45
Trade Time:   4:14PM ET
Change:   Down 777.68 (6.98%)
Prev Close:   11,143.13
Open:   11,139.62
Day's Range:   10365.45 - 11139.94
52wk Range:   10,403.80 - 14,280.00


http://www.ny1.com/content/features/86427/dow-jones-suffers-largest-point-drop-in-history/Default.aspx

 

[SuBWaYCH]

(Image removed from quote.)


Ouch!

Dow Jones Industrial Average
(DJI: ^DJI)
Index Value:   10,365.45
Trade Time:   4:14PM ET
Change:   Down 777.68 (6.98%)
Prev Close:   11,143.13
Open:   11,139.62
Day's Range:   10365.45 - 11139.94
52wk Range:   10,403.80 - 14,280.00


 

Money is about to get real, real tight.

[Ripsnort]

Just in time for a cold winter too. Energy bills that will go unpaid, food shortages, global economic melt down...all due to sub prime lenders and those that signed the dotted line. 

[Ripsnort]

Those "ants" that have been saving, and keeping credit card charges to a minimum should get by alright.
Those of you living paycheck to paycheck....start buying large bags of non-perishable foods now at Costco or Sam's so you can still eat.

[caldera]

Those "ants" that have been saving, and keeping credit card charges to a minimum should get by alright.
Those of you living paycheck to paycheck....start buying large bags of non-perishable foods now at Costco or Sam's so you can still eat.

(Image removed from quote.)
(Image removed from quote.)

Looks like toast for dinner again tonight.   

[Fury]

While it was the biggest point loss ever, it was not even in the top 10 of percentage loss.  So which is worse?  Percentage or points?  Cause 1987 was 22.61% (three times worse than today) and I don't remember the fallout from that being the end of the world.  It flips up and down so many hundreds of points every day a butterfly sneezes, I can't even tell how far it's down in the past two weeks.

http://money.cnn.com/2008/09/29/markets/markets_newyork/index.htm?cnn=yes

[Ripsnort]

While it was the biggest point loss ever, it was not even in the top 10 of percentage loss.  So which is worse?  Percentage or points?  Cause 1987 was 22.61% (three times worse than today) and I don't remember the fallout from that being the end of the world.  It flips up and down so many hundreds of points every day a butterfly sneezes, I can't even tell how far it's down in the past two weeks.

http://money.cnn.com/2008/09/29/markets/markets_newyork/index.htm?cnn=yes

I think we'll see the biggest one week loss by the end of this week as panic sets in.

[Waffle]

Not sure, but I think on Thursday Oct. 2nd is when the emergency order halting short-selling stocks expires. That order covered 799 financial stocks and then expanded into several other stocks like GE, ect... My guess is we'll see another loss on Friday if they don't extend the order. Could be a roller coaster week. Would've hated to see today if people we're allowed to short / naked short sale stocks.

[Hap]

let it all break.  maybe it'll help us get back to those things our grandparents were all about.

[MORAY37]

let it all break.  maybe it'll help us get back to those things our grandparents were all about.

Like outhouses?

[Hangtime]

let it all break.  maybe it'll help us get back to those things our grandparents were all about.

[Nwbie]

let it all break.  maybe it'll help us get back to those things our grandparents were all about.

My grandma often said - the depression sucked, - I believe her
No thanks.

[Captain Virgil Hilts]

My grandma often said - the depression sucked, - I believe her
No thanks.

The unfortunate thing is, it may be what is required to teach the idiots a lesson. It appears extremely harsh consequences are the only thing that will cure stupidity and arrogance.

[bsdaddict]

While it was the biggest point loss ever, it was not even in the top 10 of percentage loss.  So which is worse?  Percentage or points?

"Biggest point loss ever."  quit rainin' on our parade... we set a record, baby!  USA!  USA! USA!   

(obviously j/k, I'm just feelin frustrated...)

[Denholm]

The unfortunate thing is, it may be what is required to teach the idiots a lesson. It appears extremely harsh consequences are the only thing that will cure stupidity and arrogance.

Too bad the people that screwed up are the ones with all the money in the bank. They'll just move offshore and run back and forth via their new Gulfstream G650.