Posted on 10/06/2008 11:45:21 AM PDT by pissant
(Updates to show Dow breaking below 9,700 level)
NEW YORK, Oct 6 (Reuters) - U.S. stocks slid on Monday, with the Dow diving below the 9,700 level for the first time since November 2003, as the fast-spreading financial crisis fueled fears the economy would not avert recession.
The Dow Jones industrial average .DJI was down 625.63 points, or 6.06 percent, at 9,699.75.
The Standard & Poor's 500 Index .SPX was down 72.77 points, or 6.62 percent, at 1,026.46. The Nasdaq Composite Index .IXIC was down 141.73 points, or 7.28 percent, at 1,805.66.
(Excerpt) Read more at reuters.com ...
REPEAL THE $700BILLION NOW!!! BEFORE THEY SPEND IT
The good news is that it CAN’T drop over 500 for very many days.
It can’t go below zero :-)!
AMEN. CONGRESS, GET BUSY AND KILL THE BAILOUT BEFORE GOLDMAN SACHS SPENDS OUR MONEY
Suckers
It’s picking up steam, it’s gonna top the previous loss.
McCain would be way ahead if he opposed the stupid bailout rather than flying back to Washington to cheerlead for it.
Dow down 794 points right now - it is in free fall.
Fear of a recession? I thought the MSM had declared that we’re already in one and heading for a depression.
From 11,000 to 9000 still isn’t as big a drop as black Tuesday, 1987 — the DJIA dropped by 508 points to 1739 (22.6%).
drivebys have had us in a recession for a year at least.....
This is getting kinda silly.
This election I am pulling the lever only for those that said "No" to the bailout.
Thanks, Hank. We know you’re looking out for us.
this is really pissing me off...the republicans should have never caved on that bailout..we are going to close down more points this time.
Yup. They finally got their “recession” right before the election.
The MSM is driving fear and panic now. All so Obama can provide Socialism as the answer.
The article said (in part...) — “... as the fast-spreading financial crisis fueled fears the economy would not avert recession.”
It’s like someone is saying that the “jury is still out” on the verdict on whether we will avert a recession.
“Well, Hell!’ (a favorite phrase of one of my uncles...) — the question is whether we will avert a major and catastrophic depression — not a recession... LOL...
Gee, that “bail-out” is really working great, isn’t it?
Fox just said 800 points. Bet my husband is having a terrible day.
I think this is the little folks out here, mad as can be about the bailout. They are mad because they know the bailout won’t work anyway. So they are removing their money from the stock market.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.