6,900 We Hardly Knew Ye
6,876.16 and plummeting:
Stocks opened lower Monday morning, with the Dow falling below 7,000 for the first time since October 1997, after American International Group reported a massive quarterly loss and a restructuring of its bailout by the government.
…
Both the Dow and S&P are hovering at their lowest levels in about 12 years, as the market remains anxious about the state of the global economy and the world financial system.
I love the euphemisms employed by the media to disguise the rejection of Obamanomics by the markets. Investors are “anxious”? How about “contemptuous”? Or “disgusted”? Or even “petrified”?
It’s 1997 again according to the Dow. Who wants to come over and watch “Veronica’s Closet”?
No, better yet: “Just Shoot Me”.
Carol said,
March 2, 2009 @ 9:02 pm
“Just Shoot Me” Seriously? OK, but only when Wendy Malick was on screen. But “Just Shoot Me” when you could be watching “Buffy the Vampire Slayer”? I don’t know if we can still be friends.
The Irascible Chef said,
March 3, 2009 @ 1:22 am
A funny thing happened to me on the way to the Market…
It wasn’t where I left it…
Current DOW JONES INDUSTRIAL AVERAGE: 11:44 AM EASTERN 6,852.98
Update: Current DOW JONES INDUSTRIAL AVERAGE: 5:20 PM EASTERN 6,763.29
As with sky high Oil Prices crashing back down to earth (though, not far enou…