Dow 8,000?
October 6, 2008 by Pelikan · 1 Comment
Filed under: Bailout Bill, U.S. Economy, U.S. Financial Crisis
Filed under: Bailout Bill, U.S. Economy, U.S. Financial Crisis
Financial, Markets, Economy News Roundup
Do you call a day like today bad or just reality?
- Chaotic day with Dow down 3.8% – New York Times
- Dow below 10,000 for first time since 2004 – Bloomberg
- B of A cuts dividend, offers stock – Bloomberg
- Paulson looking for ways to unlock credit – Bloomberg
I think we just gave him 700 billion ways.
- Lehman managers portrayed as irresponsible – New York Times
- Fuld blames Lehman’s collapse on ‘rumors’ – Bloomberg
Fuld is obviously a hopeless jackass.
- Bond risk rises – Bloomberg
- Oil prices fall below $90 per bbl – New York Times
- Bailout’s limit on pay will be tough to realize – Wall Street Journal
- Jim Cramer: Time to get out of market – NBC
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Germany takes hot seat as Eurpope falls into the abyss – The Telegraph
We face extreme danger. Unless there is immediate intervention on every front by all the major powers acting in concert, we risk a disintegration of global finance within days. Nobody will be spared, unless they own gold bars. — Ambrose Evans-Pritchard
[...] 6, I predicted – well sort of predicted by writing a headline on some market news aggregation – Dow 8,000. Based on the economic and financial industry news of that day just 2 1/2 months ago (seems [...]