Sell, baby, sell
Sounds like today is going to be another fun day at the markets:
UPDATE, 10:50 AM: The Dow fell more than 200 points at the opening bell, then rallied more than 350 points within the next 35 minutes, and is now plummeting again. I think they call this "volatility." The S&P 500 is behaving similarly. So far, not as bad as Europe or Asia, though.
Japanese share prices plunged 9.38 percent Wednesday, the biggest loss in more than two decades as panic-selling erupted over the global financial crisis.Meanwhile, the Fed has cut interest rates -- along with the Canadian and European central banks, in an unprecedented coordinated move -- this morning. Which would be helpful, if anyone could get a loan for anything...
UPDATE, 10:50 AM: The Dow fell more than 200 points at the opening bell, then rallied more than 350 points within the next 35 minutes, and is now plummeting again. I think they call this "volatility." The S&P 500 is behaving similarly. So far, not as bad as Europe or Asia, though.
posted by Brendan Loy at
10/08/2008 07:07:00 AM
