“The economy has stabilized.”
August 5, 2009
The Dow plunged nearly 1,000 points today in 15 minutes.
Brian Williams discussed the stock market free fall with David Letterman.
This is scary stuff:
Hat Tip Martin J.
P&G lost half of its value in 15 minutes before rebounding.
The AP reported:
The stock market has had one of its most turbulent days ever. The Dow Jones industrials plunged nearly 1,000 points in half an hour amid concerns that Greece’s debt problems could halt the world financial recovery.
The Dow has managed to recover two-thirds of its losses and close down 347 at 10,520. But all the major indexes lost 3 percent in a day that recalled the market turmoil of the 2008 financial crisis.