30.09.2008 - Main street to wall street: drop dead
From Resource Investor: Little did they know that the bill was never going to see the light of day, and that it was going to die early, and of unnatural causes, falling at the feet of bickering Republicans and Democrats before it ever made it out of Congress. In a nutshell, Main Street USA told Wall Street to drop dead. Drop, it did. And then some; 603 points on the close. The biggest-ever drop in the Dow (some 722 points at one point during the day), an $11.00 crater in crude oil (to just under $96), and a complete and utter meltdown in all commodities on global slowdown fears, all contributed to a hyper-chaotic day in the markets. ..... Full Article: Source
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