Dow drops below 10,000

[Theophylact]

for the first time in four years; down 579 at 2 pm.

McCain would like to "turn the page" on economics.

Na ga happen.

[MegalosSkylaki]

Gee, Market must be real confident in "Rescue Plan".
Ah! Self-preservation !

[Theophylact]

Down 777 at 2:45.

[The Real Bingo]

Originally Posted by Theophylact

Down 777...

That number looks familiar...

[tony_j15]

so we paid 700 billion for front row seating to the recession show?

I told ya'll we could of got in for free...

[Theophylact]

Originally Posted by The Real Bingo

That number looks familiar...

Doesn't it?

You do understand what a continuous function is, don't you?

[The Real Bingo]

Originally Posted by Theophylact

You do understand what a continuous function is, don't you?

Not really. Calculus was never my strong suit. Though, even after reading some of that Wikipedia page, I'm still not sure how it applies to this situation.

[nemowolf]

I love depression!

[outlaw2001it]

Give it a few more days before the markets react to the rescue plan. Markets are down across the board....everybody is having bank problems. Will we go into a recession...oh yeah, but so will the rest of the world. The Fed having hinted something about a rate cut didn't help things along either. The Fed, and the media need to keep their mouths shut, and let this thing ride out...we don't know where this bailout plan is going to land us. The Dollar is doing well agaisnt most currencies...this has to tell ya that people still have confidence in the U.S. financial system compared to other countries.

[The Real Bingo]

Originally Posted by outlaw2001it

Give it a few more days before the markets react to the rescue plan. Markets are down across the board....everybody is having bank problems. Will we go into a recession...oh yeah, but so will the rest of the world. The Fed having hinted something about a rate cut didn't help things along either. The Fed, and the media need to keep their mouths shut, and let this thing ride out...we don't know where this bailout plan is going to land us. The Dollar is doing well agaisnt most currencies...this has to tell ya that people still have confidence in the U.S. financial system compared to other countries.

That's basically it. The indexes have rallied a bit now towards the end of the day. The last 20 minutes can be crazy, but barring another 300 point loss, the American markets have done markedly better than German, English, and Brazilian markets. Only Japan has done as well as the Dow/S&P.

This is probably because the EU is dubious of a bailout plan of their own: FT.com / Europe - EU resists plan for bail-out fund