Today the dow fell 293 points in heavy trading and wall street is stunned. The news is terrible, I expected a rally after the fed rates. The DOW tried to rally, but fell hard. This added to a dollar at historic low against the euro, oil at over $100/barrel, and gold which a few days ago broke the $1000/oz mark adds up to a grim future.
Investors express concern about the US economy and the financial health of credit markets. It is believed that further declines in the real estate market could cause more banks to fail. The recession is getting a lot worse.
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