Wednesday, October 15, 2008

Biggest plunge since crash of 1987

Today's doom and gloom headlines:

-S&P loses 9.1%.

-Dow drop more then 700 points.

-2nd biggest DOW drop on record (Biggest was last week).

-Dow down 10 of last 11 days.

-Talk of global recession fears increasing. What? WE have been in a recession for 6 -months!

-Monday's rebound just about gone.

-Grim sales data knocks consumer stocks.

-Retail sales data drops most in 3 years.

-Selling accelerated in final hour.

-Oil drops to $75.

-Exxon plunges 14%, Morgan Stanley loses 16%, Citi drops 13%

The nightmare continues.

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