$2.4 Trillion lost in 8 brutal days...... Dow plunges 2,400 points, or 22%, as panicked investors run for the exits.
"I am hopeful that tomorrow, the Treasury will announce that they're doing it.
And they have to do it quickly . . . markets are waiting," said Schumer, a New York Democrat.
Finance ministers from the Group of Seven nations said Friday that exceptional steps were needed to ease the global financial crisis and get money flowing again.
Last week, the Fed announced an emergency rate cut, coordinated with banks around the world. The central bank has also pumped billions into the system. But the moves have hardly made a dent in investor sentiment.
Looking for a bottom: Stocks have been in a bear market for most of the year, but the selling began accelerating in September following a series of bank failures and mergers.
So, did we HIT the Bottom yet???? Well..... I don't think so.
Dow Average May Be Poised to Fall to 7,000 .......... Who knows ?? Lets wait and watch.
Sincerely,
Timothy Vesco
See more....[link deleted by Jefferson]
"I am hopeful that tomorrow, the Treasury will announce that they're doing it.
And they have to do it quickly . . . markets are waiting," said Schumer, a New York Democrat.
Finance ministers from the Group of Seven nations said Friday that exceptional steps were needed to ease the global financial crisis and get money flowing again.
Last week, the Fed announced an emergency rate cut, coordinated with banks around the world. The central bank has also pumped billions into the system. But the moves have hardly made a dent in investor sentiment.
Looking for a bottom: Stocks have been in a bear market for most of the year, but the selling began accelerating in September following a series of bank failures and mergers.
So, did we HIT the Bottom yet???? Well..... I don't think so.
Dow Average May Be Poised to Fall to 7,000 .......... Who knows ?? Lets wait and watch.
Sincerely,
Timothy Vesco
See more....[link deleted by Jefferson]
Last edited by a moderator:
