Your Web Site
October 9th, 2008 (2 hours ago) . by Robert The bailout that was passed last week sure has done a lot for the markets huh? Thanks Pelosi, Frank and Reid NEW YORK (AP) — Stocks plunged Thursday, sending the Dow Jones industrial average down 679 points — more than 7 percent — to its lowest level in five years. Stocks took a nosedive after a major credit-rating agency said it might cut its rating on General Motors and Ford, further rattling investors already fretting over the impact of tight credit on the economy. The Standard & Poor’s 500 index also fell more than 7 percent. The declines came on the one-year anniversary of the closing highs of the Dow and the S&P. The Dow has lost 5,585 points, or 39.4 percent, since closing at 14,164.53 on Oct. 9, 2007. It’s the worst run for the Dow since the nearly two-year bear market that... [read full story]
