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Friday, October 24, 2008

Down we go (again...)

S.&P. 500 closed at 876.77, 31.34 (3.45%) down
Dow (DJIA) closed at 8,378.95, 312.30 (3.59%) down
Nasdaq closed at 1,552.03, 51.88 (3.23%) down

The Dow index has actually finished higher than the early trading indicated, the fact stressed by many "TV stock analysts", so "minus three hundred" seems to be the new "plus one hundred..."
But, for the week, the DJIA is 5.4 percent down, Nasdaq 9.3% and the S&P 500 6.8% down.

More cheerful news:
  • Chrysler will have fired 25% of white collar employees by Christmas.
  • World markets tumble.
  • The highest paid staffer on the McCain campaign? The Mrs. Palin stylist (boy, the Republicans do surely learn from the Katherine Harris' eyelashes...)

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