The Economy/Wall Street

[tpirfan28]

Bye Bye economy.....   

Care to elaborate a bit? 

House failed to pass the bailout bill...Dow went down 600+.

EDIT:  Lets try DOWN 705.

[lfmusiclover]

Bye Bye economy.....   

Care to elaborate a bit? 

House failed to pass the bailout bill...Dow went down 600+.

EDIT:  Lets try DOWN 705.

Yeah I just heard on CNN that the bill is officially defeated.

Dow currently down 575.

On the positive side, oil has plunged also. Back below $100 a barrel.

[Thecoolwriter]

I knew that was going to happen

[tpirfan28]

Okay, so it seems that everything is rebounding after, basically, a midday collapse.  Some companies are actually trading higher now (Coca-Cola and Southwest Airlines are two).

[Thecoolwriter]

Coca-Cola?

[lfmusiclover]

Overall though the Down is still sown significantly, currently 475 points.

[tpirfan28]

Okay, I'm watching CNBC's coverage.  Every time they break in with news, boom goes the Dow.

They need to go off the air.  (joking, of course.  Or am I?)

EDIT:  Interesting...my mutual fund is UP 16 cents.

[lfmusiclover]

Dow currently down 561.

Your mutual GAINED? Holy cow. 

[tpirfan28]

Your mutual GAINED? Holy cow. 

You betchya.  The main holdings are Wal-Mart, Shell Oil, and Bayer Pharmaceuticals, but yeah.  It's down 11% this year, but when the market takes a pooper and I'm up, whee!

[lfmusiclover]

Dow down 710 points. 

[Thecoolwriter]

It's down 610

[lfmusiclover]

The DOW finished down 777 points. The largest single day drop in the history of the stock market.

[Localonthe8s]

We're not gonna have another Great Depression, right?

[tpirfan28]

Biggest point drop ever.  17th biggest percentage drop.

[Al]

We're not gonna have another Great Depression, right?

why can't we? it's very feasible