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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.

posted by Ace at 04:03 PM

| Access Comments


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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. posted by Ace at 04:03 PM \| Access Comments <script language="javascript" src="http://adserver.adtechus.com/addyn/3.0/5235/1131537/0/170/ADTECH;loc=700;cookie=info;target=_blank;key=key1+key2+key3+key4;grp=[group]"></script><noscript><a href="http://adserver.adtechus.com/adlink/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" target="_blank"><img src="http://adserver.adtechus.com/adserv/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" border="0" width="300" height="250"></a></noscript>	Recent Comments Decaf: "Reminds of a story my brother, a historian, told m ..." 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