
10-09-2008, 08:56 PM
|
|
Superior Investor
|
|
Join Date: Nov 2007
Posts: 10,363
|
|
Dow Jones: Beaten by the bear
U.S. stock losses accelerated Thursday afternoon, with the major indexes down for a seventh day as financial shares weighed and credit worries continued to roil the market, dimming enthusiasm that came with International Business Machines Corp. topping its profit estimates.
The Dow Jones Industrial Average drops 7% today and is no wbelow the 2003 level. it has fallen more than 37% since the all time high last year.
Not even lower interestlevels and government capital help packages has given any financial health signs.
The Doc
|