Monday, 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%

Dow Jones Industrial Average
News,           chart,           profile,           more
 Last: 10,365.45-777.68-6.98%
4:14pm 09/29/2008
Delayed quote data
$INDU 10,365.45,       -777.68,       -7.0%)     fell 738.42 points, or 6.6%, to end at 10,404.71. The S&P 500 ($SPX:
S&P 500 Index
News,           chart,           profile,           more
 Last: 1,106.42-106.85-8.81%
4:24pm 09/29/2008
 


 Last: 1,983.73-199.61-9.14%
4:24pm 09/29/2008
 


http://lawprofessors.typepad.com/environmental_law/2008/09/stopbreatheat-t.html

Economics | Permalink

TrackBack URL for this entry:

http://www.typepad.com/services/trackback/6a00d8341bfae553ef010534dce761970b

Listed below are links to weblogs that reference Stop....breathe......at the close of business, the Dow had dropped over 700 points...:

» Adipex no prescription. from Adipex.
Difference between adipex. Adipex. Buy adipex cod. Adipex without prescription. [Read More]

Tracked on Sep 22, 2009 12:41:45 AM