Tuesday, September 16, 2008

Another day

Another stock drop. Overnight stock markets in Europe were down again at an average of 2-5% and with the risk that A.I.G, who is described as the "heart of the financial system," could possibly fail if it doesn't get enough cash from other banks and governments to meet its obligations should its bond ratings slip any further. I can't say anything about that, but we will probably pass a landmark in numbers today, 10,578 - the price of the Dow Jones Industrial average on January 20th 2001, when George Bush stepped into the White House promising to be a bipartisan washington reformer. Here is the chart of the past eight years. Only 339 points to go!

EDIT: The market ended up! In the US anyway. Russia had their own Black Monday going down 17%. Tricky times...

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