ETFs Continue Their Historic Slide Down (Daily ETF Wrap-Up)

ETFs Continue Their Historic Slide Down By Rob Wherry |Rob Wherry Archive |Published: October 10, 2008 Active Discussions on SmartMoney Market Wrap-Up This week the stock market experienced a historic 1,871-point-plus pullback -- called "startling" by President Bush -- after a coordinated global effort to shore up the world's financial system didn't achieve its intended effect Last Friday Congress passed a $700 billion bailout plan of the U.S. financial system. That action was followed Wednesday by global interest rate cuts by several central banks, including the Federal Reserve, the Bank of England, the European Central Bank and the People's Bank of China. Those were unprecedented moves to get the world's financial engine back in gear. On Friday there were even rumors (quickly dismissed) out of Europe that countries would... [read full story]