Wall Street thread

Holy crap. Noticed about an hour ago the Dow broke below 9000 for the first time in five years, and now its dropped another 200? It seemed like it was okay for most of the day staying under a drop of 100 only to baloon to 500 point drop in the last two hours.
I find it interesting that Asian markets are dropping because folks over there realize folks over here won't be able to buy much stuff anytime soon. Somebody is going to have to infuse our markets with cash before this thing gets better.

 

Below 8,600 now.

 

Wow...down 600 today. Eesh.

 

This is the market vomiting out the poison. Might as well get it over with in one terrible spasm. Oy.

 

Approximate moves of the Dow components over one year:

Alcoa, from $39 to $13
AMEX, 63 to 24
Boeing 96 to 44
Bank of America, 52 to 19
Citigroup, 48 to 13
Caterpiller, 80 to 45
Chevron, 91 to 64
DuPont, 49 to 34
Disney, 34 to 24
GE, 41 to 19
GM, 43 to 5 (ohmygod)
Home Depot, 33 to 20
Hewlett Packard, 51 to 38
IBM, 118 to 89
Intel, 26 to 16
Johnson & Johnson, 66 to 58
JPMorgan Chase, 47 to 37
Kraft, 34 to 28
Coke, 58 to 34
McDonald's, 57 to 52
3M, 94 to 54
Merck, 54 to 27
Microsoft, 30 to 23
Pfizer, 25 to 16
Proctor & Gamble, 72 to 61
AT&T, 42 to 23
United Tech., 80 to 46
Verizon, 44 to 26
Wal-Mart, 47 UP to 51 (let's party!)
Exxon Mobil, 93 to 68

To the near-retirees who were overloaded in their retirement plans with company stock, I don't know what to say except, Sorry and Good luck.

 

Today was the one-year anniversary of the Dow's all-time high. In 12 month's time, a third of that is gone.

http://money.cnn.com/2008/10/09/markets/markets_newyork/index.htm?postversion=2008100910

 

George W. Bush is is the worst person in American History

 

Where's Hondo to tell us how much the market's gone up under Bush?

Funny how he's silent now.

 

He's too busy wiping his ass with Alcoa stock...

 

Yom Kippur, indeed.

 

J&J, Mickey D's and P&G deserve medals of valor.

 

Bush is too stupid to atone for anything, he's morally retarded. You can trace the absolute destruction of the United States of America to December 12, 2000.