Email This Post
Oct
7
Dow Drops Over 800 Points
October 7, 2008 | Leave a Comment
The DOW dropped over 800 points today. As for now the bailout – I mean rescue – of the U.S. banking industry is not having the positive effect on the markets the legislators have hoped for. Once anxieties start to settle down, hopefully the markets will start to level off as well.
The one bright spot in financial crisis is that oil prices are now under $90 a barrel. The sooner we see a price decline at the pump, the better. I just hope we don’t take this as a sign to start driving more.
All of this should make for an interesting presidential debate between Obama and McCain tomorrow night. This turmoil with the economy is digging McCain the Republicans into a deeper hole. It’s going to be interesting to see how McCain responds.
![[Bloglines]](http://juanwhite.com/wp-content/plugins/bookmarkify/bloglines.png)
![[del.icio.us]](http://juanwhite.com/wp-content/plugins/bookmarkify/delicious.png)
![[Digg]](http://juanwhite.com/wp-content/plugins/bookmarkify/digg.png)
![[Facebook]](http://juanwhite.com/wp-content/plugins/bookmarkify/facebook.png)
![[Furl]](http://juanwhite.com/wp-content/plugins/bookmarkify/furl.png)
![[Google]](http://juanwhite.com/wp-content/plugins/bookmarkify/google.png)
![[MySpace]](http://juanwhite.com/wp-content/plugins/bookmarkify/myspace.png)
![[Reddit]](http://juanwhite.com/wp-content/plugins/bookmarkify/reddit.png)
![[Shoutwire]](http://juanwhite.com/wp-content/plugins/bookmarkify/shoutwire.png)
![[Squidoo]](http://juanwhite.com/wp-content/plugins/bookmarkify/squidoo.png)
![[StumbleUpon]](http://juanwhite.com/wp-content/plugins/bookmarkify/stumbleupon.png)