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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.


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posted by Ace at 04:03 PM

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