Yikes: Dow Drops Below 10,000
Happy Monday, America! Wall Street is doing great, so far, this morning. The Dow Jones index is down
400 500 points at the moment, bringing the DJIA below 10,000 for the first time since ... well, let's check the chart. October 22, 2004 -- right about the time everybody figured George W. Bush would somehow win re-election and the world would end.
The S&P 500 is down more than 4% this morning, the NASDAQ is in -5% territory, and we are just going to have Firefox block all of our 401k websites as "death porn."
Europe is "rescuing" more doomed banks over there, and the Paultards are smiling as gold rises another forty bucks.
We are going to find a bar and just stay there until China bombs us out of our misery.
Stocks, Oil Slide on Credit Crisis; Emerging Markets Drop Most in 20 Years [Bloomberg]