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Photograph of trader Arthur Cashin wearing a "Dow 10,000" hat--one that was given out when the Dow Jones Industrial Average first hit 10,000 on March 29, 1999-- today by Richard Drew/AP Continuing the chain reaction of global markets falling--due to worries about the banking and credit crisis--the Dow Jones Industrial Average has fallen below 10,000 for the first time in four years. The NY Times reports " The index has lost more than 1,100 points — or about 10 percent — in slightly more than a week." The S&P 500 is currently down alost 5% and the Nasdaq is down over 5% (check here). The Wall Street Journal spoke to Johnson Research Group president Chris... [read full story]
