Dow Jones Record
The Dow Jones Industrial Average closes above 12,000 for the first time.
I'm sure the Bulls are having a field day with this one! Part of the continued upward climb is from the "exuberance" of making records. Personally, as a confirmed doom-and-gloomer, I don't think it will last long, and I believe it's just a precursor to the next crash.
Financial Level: Bank Manager / Business Participation: 269 26.9%
Dow Jones Plunge
Dow's 400-point plunge at market's close is year's biggest loss after weak jobs data and oil-price surge.
Dow Jones Plunge
The Dow ends nearly 500 points lower -- its worst point drop in more than seven years -- as bank woes scare investors.
Tomorrow is going to be really bad to. I am going to guess a 250 drop. It wouldn't surprise me if it was more though. If it ever gets to the 8,000 range we might as well use our money for fire starter.
No offense to my US counterparts, but I really hate that everything is pegged in the Western Hemisphere and most parts of the world to the US dollar. To those of you who do not read those Stock Threads - you should, they record well the trends. Look at Google's close today.
Financial Level: Millionaire / Business Participation: 454 45.4%
AIG has to come up with 10$ billion by tomorrow so it could be worse than today God forbid. I am still hoping for at least a few small rallies within the next couple of months, but I don't know if that will happen.
A pause from Dow Jones Record to share scoop from the past:
Today is: 18th October (GMT), in history on the 18th of October, 1945 AD the following birth happened:
Christopher Shays: (Rep-R-Connecticut)