Thread: Dow plunges more than 660 to fall below 9,000

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  1. #21  
    Festivus Moderator ralph wiggum's Avatar
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    Now the Dow is up about 100 points for the day and still heading upward.
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  2. #22  
    Senior Member LogansPapa's Avatar
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    Stocks end wild session mixed after 8-day slide

    Friday October 10, 4:28 pm ET
    By Tim Paradis, AP Business Writer

    Wall Street ends mixed after 8 days of massive losses; Dow swings over 1,000 pts

    NEW YORK (AP) -- Wall Street capped its worst week ever with a wild session Friday that left stocks with a widely mixed finish. Late-day buying helped curb steep losses and gave the market its best showing of the week as investors snapped up bargains among stocks devastated by seven days of massive losses.

    The Nasdaq composite index finished with a modest gain, while the Dow Jones industrials lost 128 points, a relatively mild drop after the blue chips fell 2,271 during the previous eight trading days. Still, the Dow, which traded in a range of 1,019 points Friday, had its worst week ever, as did the Standard & Poor's 500 index.

    The hair-trigger mentality of the market was evident from the opening bell. The Dow fell 696 points in the first 15 minutes, recovered to an advance of more than 100 before the first hour was over, then turned sharply lower again before moving in swings of hundreds of points at the day's end.

    http://biz.yahoo.com/ap/081010/wall_street.html
    At Coretta Scott King's funeral in early 2006, Ethel Kennedy, the widow of Robert Kennedy, leaned over to him and whispered, "The torch is being passed to you." "A chill went up my spine," Obama told an aide. (Newsweek)
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  3. #23  
    Senior Member MrsSmith's Avatar
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    I'm glad I won't be retiring for twenty years or so...but kinda wish I had money to buy while everything is bottomed out. ;)
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    In actual dollars, President Obama’s $4.4 trillion in deficit spending in just three years is 37 percent higher than the previous record of $3.2 trillion (held by President George W. Bush) in deficit spending for an entire presidency. It’s no small feat to demolish an 8-year record in just 3 years.

    Under Obama’s own projections, interest payments on the debt are on course to triple from 2010 (his first budgetary year) to 2018, climbing from $196 billion to $685 billion annually.
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  4. #24  
    Senior Member MrsSmith's Avatar
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    All Time - Historical

    Greatest DJIA Daily % Losses

    Rank Date Close # Drop Percentage Drop
    1 12/12/1914 54.00 17.42 24.39%
    2 10/19/1987 1,738.74 508.00 22.61%
    3 10/28/1929 260.64 38.33 12.82%
    4 10/29/1929 230.07 30.57 11.73%
    5 11/6/1929 232.13 25.55 9.92%

    Greatest DJIA Daily Point Losses

    Rank Date Close Net Chg % Chg

    1 9/29/2008 10,365.45 -777.68 -6.98
    2 9/17/2001 8,920.70 -684.81 -7.13
    3 4/14/2000 10,305.78 -617.77 -5.66
    4 10/27/1997 7,161.14 -554.26 -7.18
    5 8/31/1998 7,539.06 -512.62 -6.37

    http://www.foxnews.com/story/0,2933,436025,00.html

    Maybe the reports of the demise of the US are somewhat premature?
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    In actual dollars, President Obama’s $4.4 trillion in deficit spending in just three years is 37 percent higher than the previous record of $3.2 trillion (held by President George W. Bush) in deficit spending for an entire presidency. It’s no small feat to demolish an 8-year record in just 3 years.

    Under Obama’s own projections, interest payments on the debt are on course to triple from 2010 (his first budgetary year) to 2018, climbing from $196 billion to $685 billion annually.
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