September 29, 2008
Stop....breathe......at the close of business, the Dow had dropped over 700 points...
Don't look at your stock portfolios or your retirement accounts. It'll just make you crazy. TIAA-CREF has all the money I have in the world....but....here's hoping they make it. The funny thing is that today we have the same people, equipment, plant, and natural resources that we had yesterday. What we don't have is the prospect that lots of people can make lots of money by being the grease of the economy. Maybe there were too many people making money being grease.
U.S. stocks dived on Monday, with the Dow Jones Industrial Average hit
with its worst point loss ever, after the House of Representatives
rejected the government's $700 billion rescue plan for the financial
sector. The Dow Jones Industrial Average dropped 738 points about 6.6%
Delayed quote data
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Tracked on Sep 22, 2009 12:41:45 AM