Monday, September 29, 2008

Oops...

Take a peak at the Dow and match it with big headline in the news.

I've never seen anything like this -- and I've watched seven of the eight largest point drops live on CNBC. The markets closed at 4pm down 590. Now, fifteen minutes later, trades are still coming through, and the market is down 750 points. I wonder if it will keep going down. The futures (that is, estimates of tomorrow's trades) are down sharply as well. This could be the disaster than so many predicted.

Nasdaq down 10% (third worse percentage ever)
Dow down 7% (largest point drop ever)
S&P down 9% (worse since 1987 crash)