After the rest of the world is held up for 2 more trillion dollars by the banking mafia we get the biggest percent jump in the DOW, 11 percent!
8451 / 14 093 = 0.599659405
This means at the worst of this recession we were down 40 percent.
NOV 24 1972 1025 DEC 6 1974 577 = DOWN 44 PERCENT.
JAN 14 2000 11722 OCT 4 2002 7528 = DOWN 36 PERCENT.
OCT 12 2007 14093 OCT 5 2008 10325 = DOWN 27 PERCENT.
OCT 12 2007 14093 OCT10 2008 8451 = DOWN 40 PERCENT
1929 1932
381 41 = DOWN 90 PERCENT DEPRESSION
We are not anywhere near a depression
THIS SHOWS THAT PAULSON JUST HANDED OUT THE CASH IN AN OFFHANDED MANNER. NOT CALCULATING ANYTHING SPECIFICALLY JUST ESTIMATING. WHAT A CAVALIER ATTITUDE TO DEAL OUT 125 BILLION OF OUR DOLLARS!
Citigroup (C) JPMorgan Chase (JPM) Wells Fargo (WFC) Bank of America (BAC) Goldman Sachs (GS) Merrill Lynch (MER) Morgan Stanley (MS) Bank of N.Y. Mellon (BK) State Street (STT)
C JPM WFC BAC GS MER MS BK STT
$25 $25 $25 $15 $10 $10 $10 $3 $2
Assets2 (billions) $2,100.4 $1,775.7 $609.1 $1,831.2 $1,081.8 $966.2 $987.4 $201.2 $146.2
Market capitalization3 (billions) $101.4 $160.5 $110.9 $133.1 $58.4 $32.7 $23.3 $39.8 $24.5
Employees 374,000 200,000 160,500 206,597 32,569 60,000 46,383 43,100 27,110
Pct. change in stock value on Tuesday 18.2% 3.1% 10.3% 16.4% 10.7% 21.2% 21.2% 13.3% 17.3%
Note: Bank of America is buying Merrill Lynch; 1 = includes $5 billion for purchase of Wachovia; 2 = from most recently reported data; Q3 data for Bank of America, Goldman Sachs and Morgan Stanley; all others use Q2 data; 3 = closing price for Oct. 14 multiplied by number of shares outstanding