The Wall Street

DOW (DJIA) highlights for today:

· A 500 point dive in the first hour of trading
· At times was down over 770 points and dipped below 9600(!)
· Closed at 9950, 369 (3.58%) down - another resounding vote of no confidence to the “rescue” package.
· Closed below 10,000 for the first time since 2004.

A year ago, on October 9 2007, DOW closed at the all-time high, 14,164.53.

Also lower: the FTSE 100 index in London; the Frankfurt DAX and the CAC-40 in Paris; the Nikkei 225 stock average in Tokyo; the Kospi index in Seoul; the Standard & Poor’s/ASX 200 index in Sydney; the Hang Seng index in Hong Kong, et cetera.

As an aside, as reported by The New York Times, the Lehman Brothers executives gave themselves millions of dollars in bonuses while begging the Fed for the taxpayers’ money…