Welcome, Guest! - or

New York City - The Bear Market Of 2008 - Non Stop Selling In U.S. Stock Market

Published on:   Oct 07, 2008 at 03:15 PM
Change text size Text Size  


New York City - U.S. stocks fell for a fifth day, with the Dow falling as much as 508 points, as the Fed's plan to loosen credit markets failed to counter investor pessimism about the government's ability to rescue the markets.

Ben Bernanke's dour economic outlook in an early afternoon speech added to the day's weakness. And a report showed consumer borrowing in August fell for the first time since January 1998.

The Dow was down 508 points to close at 9,447.00


More of today's headlines

Queens, NY - A motor vehicle accident with a pedestrian that was struck at 156th Street and 71st Avenue. Hatzolah paramedics responded to the scene for elderly male... New York - Shares of Ford Motor Co. slid to their lowest price in nearly 23 years Tuesday, as investors remained jittery over the Federal Reserve's decision to buy up...

 

Total18

Read Comments (18)  —  Post Yours »

1

 Oct 07, 2008 at 04:16 PM John McSame! Says:

The fundamentals of our economy are still strong!

2

 Oct 07, 2008 at 04:28 PM Anonymous Says:

Reply to #1  
John McSame! Says:

The fundamentals of our economy are still strong!

boy, its a good one.
lets hope he is going to loose the debate tonight and obama will march ahead with no problem

3

 Oct 07, 2008 at 04:26 PM Yankel Leib Says:

We need big rachmim

4

 Oct 07, 2008 at 04:49 PM Anonymous Says:

Reply to #2  
Anonymous Says:

boy, its a good one.
lets hope he is going to loose the debate tonight and obama will march ahead with no problem

Nothing better has ever happened in obama's life then the economic down turn and he is ENJOYING IT!!!!
his only "HOPE" is that it gets worse!!!

5

 Oct 07, 2008 at 04:45 PM yoichy Says:

All you guys wake up! no jokes, im asking you to take a look on any of the news pictures, pepole are stressed out with tears in their eyes, loosing milions of dollars, buckle yourself up to ask from the one above on the day of yom kippur , for rachmuness and for a good year.

6

 Oct 07, 2008 at 04:40 PM Moshe Yoselle Says:

Bekitzer es iz gehakta Tzuris

7

 Oct 07, 2008 at 04:37 PM Nissim Says:

i am taking out my money from the bank and putting it into Gemachim

8

 Oct 07, 2008 at 04:55 PM YitzchokM Says:

Reply to #1  
John McSame! Says:

The fundamentals of our economy are still strong!

What makes you think that this is the fault of the Bush administration? Try listening to an EXPERT, like Jim Cramer, who insists that it’s NOT Bush who is to blame! (Although he admits, he wants to!)
Take your head out of the ground and understand that it’s not capitalism and the free market that failed.
Liberal ideology did.

9

 Oct 07, 2008 at 05:06 PM YitzchokM Says:

BTW, according to Merriam-Webster, the word fundamental means..."of or relating to essential structure, function, or facts""of central importance". The economy is still FUNDAMENTALLY strong. People need to put their confidence back into the economy.
PS, for all you Bush fanatics, are the recent financial problems across Asia, Europe, and the Middle East, his problem?
Bush Derangement Syndrome

10

 Oct 07, 2008 at 04:33 PM Dovid Says:

Moshiach times
After Shmita is the time when BEN DOVID comes

Yidden please lets all daven for the speedy GEULAH

11

 Oct 07, 2008 at 05:21 PM Anonymous Says:

Reply to #7  
Nissim Says:

i am taking out my money from the bank and putting it into Gemachim

Dont you dear do this mistake.
fdic is not giving back any money crushed in a gemach,
BTW in a surway 80% pepole voted that they will hold there money under the mettress

12

 Oct 07, 2008 at 05:34 PM Anonymous Says:

Reply to #8  
YitzchokM Says:

What makes you think that this is the fault of the Bush administration? Try listening to an EXPERT, like Jim Cramer, who insists that it’s NOT Bush who is to blame! (Although he admits, he wants to!)
Take your head out of the ground and understand that it’s not capitalism and the free market that failed.
Liberal ideology did.

Umm... just wondering: if the republicans controlled congress for 12 of the last 14 years, and the white house for the last 8, how exactly is this the result of "liberal ideology"?

13

 Oct 07, 2008 at 05:33 PM yossel Says:

Reply to #7  
Nissim Says:

i am taking out my money from the bank and putting it into Gemachim

what do u think does the gemach with it? they 'invest' it its much worse and btw even greens under the matress is not guranteed cuz inflation stock urself with gold the most guranteed investment

14

 Oct 07, 2008 at 05:36 PM Anonymous Says:

Reply to #9  
YitzchokM Says:

BTW, according to Merriam-Webster, the word fundamental means..."of or relating to essential structure, function, or facts""of central importance". The economy is still FUNDAMENTALLY strong. People need to put their confidence back into the economy.
PS, for all you Bush fanatics, are the recent financial problems across Asia, Europe, and the Middle East, his problem?
Bush Derangement Syndrome

What do you mean the basic structure is strong? You mean the money-worshipping system that puts trillions of dollars into the parasitic financial sector and leaves millions of americans out in the cold is a "fundamentally strong" structure?

15

 Oct 07, 2008 at 06:12 PM fed up Says:

Reply to #10  
Dovid Says:

Moshiach times
After Shmita is the time when BEN DOVID comes

Yidden please lets all daven for the speedy GEULAH

dovid

your so right...... Moshiach is mamash around the corner its very scary and exciting at the same moment...... nebach this whole financial meltdown couldnt have come any better time with the yumim noiruim... rabboissai wake up we need to daven and please have in mind klal yisroel we need to be b'achdis and with the zchis of having each other in mind Moshiach vet zicher kimmen.....

16

 Oct 07, 2008 at 09:26 PM Anonymous Says:

L'maiseh the rate cut will come tomorrow by 4 pm and the market will go up 400 points, you must buy oil stock, raboisai, lifnei yom ha din!

17

 Oct 07, 2008 at 11:10 PM Anonymous Says:

Reply to #16  
Anonymous Says:

L'maiseh the rate cut will come tomorrow by 4 pm and the market will go up 400 points, you must buy oil stock, raboisai, lifnei yom ha din!

yeah!!! lets buy oil stocks and support the Arabs!!!???

18

 Oct 07, 2008 at 11:13 PM Anonymous Says:

So I've lost 31% of my 401(k) investment....Health and Children....I've got it all...Gmar Chatimah Tova

19

If you wish to post anonymously do not fill out this field.
Says:

Your email address will not be published.

Reply to #  
Says:

Important: Please read the rules before submitting your opinion.
Scroll Up
Advertisements: