Stocks plunged for a second straight day Thursday, falling to levels not seen in at least five years, as financial and energy stocks tumbled while demand for the safety of government debt spiked.
The S&P 500 index fell 6.7 percent to its lowest close since April 1997. The Dow Jones industrial average, meanwhile, fell 445 points, or 5.6 percent, to its lowest close since March 2003. The decline brings the Dow's two-day drop to 873 points, or 10.6 percent, its worst two-day percentage loss since October 1987.
The S&P 500 index fell 6.7 percent to its lowest close since April 1997. The Dow Jones industrial average, meanwhile, fell 445 points, or 5.6 percent, to its lowest close since March 2003. The decline brings the Dow's two-day drop to 873 points, or 10.6 percent, its worst two-day percentage loss since October 1987.
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- bansheewail
- added this
- added November 21, 2008
- flag
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Are we at the bottom, yet?
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- bansheewail
- 8 months ago
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Not yet, I think it can get worse, but it's really really close to the bottom.
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It hadda happen.
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Wait until the DOW hits 6000.
Then things will start getting really interesting.
Project mayhem is well underway.
Ride on!
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