Monday, August 08, 2011

DOW DOWN 634.73 for "BLACK MONDAY." What's the plan now?

New York Stock Exchange on Wall Street in New ...Image via WikipediaBy Randy Economy
www.Economy4ABC.Blogspot.com
Monday, August 8, 2011 1:04 p.m. PST
New York, NY

The Dow Jones dropped a whopping 634 points on Monday and this is just the beginning for what could be a horrific week for the United States economy. Now what? Any suggestions? Stay tuned.
Dow Jones & Company logoImage via Wikipedia

DOW JONES ENDING FOR AUGUST 8, 2011
10,809.85 
-634.76 (-5.55%) 
Aug 8 - Close INDEXDJX real-time data
Range 10,809.85 - 11,434.09 
52 week 9,936.62 - 12,876.00 
Open 11,433.93 Vol.
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1 comment:

kalpeshmmaniar said...

S&P has downgraded US debt, this has created panic in the markets, but the question is should we take S&P seriously when these credit rating agencies have proved that their understanding about economies is indeed poor.

Remember, it is the same S&P that gave AAA rating to mortgage backed securities in 2005-2007 and we all know what happened after that, so I guess its time to be bullish when S&P, Goldman and the likes become bearish on the world.

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