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October 09, 2008
Dow Bouncing Between 700 and 500 Down; At Around 8660, Below 9000 For First Time Since 2003
I know what the majority of people want me to say: The Dow is falling because of the bailout!
So there, I said it.
I will not suggest at all that the reason the Dow is plummeting is that this crisis is precisely as serious as alleged.*
That would be wrong to say.
* Which is not to say that the bailout was the proper response, or is sufficient to stop a financial calamity. But yeah, it appears the crisis is very real.
Is Obama Depressing the Market? Since you guys brought it up.