Another awful day in the market, as the Dow cracked through the all-holy 8,000 level, a number which the pundits have been fixated on for some time. There’s your silver lining: Now we can move onto some other arbitrary number.
The NASDAQ is down over 6.3%, below the 1400 level, but nobody seems to pay much attention to numbers like that.
Some particularly troubled industries: financials, autos. After two days of The Big Three heads on Capitol Hill, the market is more convinced than ever that a bailout won’t come soon enough.
All in all: horrible.
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