Stocks slump; Dow falls over 360 points

[ProSense]

Stocks slump; Dow falls over 360 points

NEW YORK - The Dow Jones industrial average dropped more than 360 points Friday — the anniversary of the Black Monday crash 20 year ago — as renewed credit concerns, lackluster corporate earnings, and rising oil prices spooked investors.

Kerry's speech on reversing "Bushonomics"

[Vincardog]

1. Gee do you think the "investor class" is going to share some of our pain now? FINALLY?

[nadinbrzezinski]

2. Not yet, but this is more of the subprime

and it is comming

[Hydra]

3. Good

let it all burn- maybe at some point, they'll have to do some work.

[Warpy]

4. Probably not.

It's time for another cosmetic, quarter point rate cut by the Fed.

[varkam]

5. Like playing violins on the Titanic. eom

[Lone_Star_Dem]

6. They may but they're going to think long and hard about it first

Remember how the Saudis reacted to the last cut? They didn't follow suit due to dealing with their own inflation issues.

If I recall correctly there was some mention after the last US rate cut of a possible collapse of the dollar peg to prevent destabilization of the Saudi economy.

[SoCalDem]

7. Hear that?

That was my tear, going splat...on my desk, as I ponder the sadness of the poor widdle market as it falls on its ass , yet again..

But never fear.. the PPT will prop it up again and again and wipe its tears & boogery nose..and send it back to play with our money another day :)