Ninnies Panic
Dow dives. Yet another historic plummet, 678 points, despite further fed moves. ”Calm gave way to fear,” via Herald. Maybe they want more money. The Euros, who got more, close up.
Topics: money
Posted by Jules Crittenden at 6:03 pm Comments (2) on Thursday, October 9, 2008
2 Responses to “Ninnies Panic”
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October 9th, 2008 at 7:04 pm
A well-timed crash to influence the election? It´s a conspiracy! Where is Oliver Stone? Oh, yeah. THEY own him already.
October 9th, 2008 at 7:13 pm
I’m worried of course, but I’m not panicked. I fully expect the dow to be down to between 7-8000 by election day.
If Obama wins and gets his filibuster proof majority in the senate, then it will be time to panick. I would expect the market to drop to around 4000 by inauguration day. A year later, if the market is above 1000 I would be surprised.
Interesting times! :)