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DOW below 9000
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To
09/10/2008 15:55:25
General information
Forum:
Finances
Category:
Stock markets
Title:
Miscellaneous
Thread ID:
01353911
Message ID:
01353950
Views:
21
>>>http://articles.moneycentral.msn.com/Investing/Dispatch/market-dispatches-100908.aspx
>>>
>>>5+ Yr Low
>>
>>Just when you think things can't get any worse....
>>
>>I will be OK with it if the crisis lasts another month, enough to doom McCain. All the stories I've seen say his free fall in the polls have mainly been driven by the horrible economy. Maureen Dowd wrote the other day that Bush may defeat McCain twice -- in 2000 and again this year.
>
>Quote from JK Galbraith about 1929
>
>“The singular feature of the great crash of 1929 was that the worst continued to worsen. What looked one day like the end proved on the next day to have been only the beginning. Nothing could have been more ingeniously designed to maximise the suffering.”

You really have to go back that far to find anything this bad. The huge bailout in the U.S., England nationalizing banks, the COUNTRY of Iceland going bust. One of the few places that isn't suffering is Eastern Europe, which is pretty strange.
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