[IWE] DOW goes into free fall

Mon, 6 Oct 2008 07:45:30 -0700 (PDT)

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http://money.cnn.com/data/markets/dow/
Down 400 points, to 9932 right now and heading down hard. The credit
crisis and economic problems are going global and every market
has taken a serious down turn. Germany passed it's own bailout plan
over the weekend, and several other Euro countries are looking at plans.

http://biz.yahoo.com/cnnm/081006/100608_credit_markets.html?.v=2
The passing of the bailout plan has not put any confidence in the market
so the credit markets remain frozen. This suggests that things are not
going to improve until the Feds get moving, which is going to take a while.

The only silver lining going on right now is that people are so afraid of the
markets that they are going for Treasury Bills like mad. This has pushed
the cost for the US to finance the bailout and other operations down.

Jay

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<html><head><style type="text/css"></style></head><body><div style="font-family:times new roman,new york,times,serif;font-size:12pt"><div>http://money.cnn.com/data/markets/dow/<br>Down 400 points, to 9932 right now and heading down hard. The credit<br>crisis and economic problems are going global and every market<br>has taken a serious down turn. Germany passed it's own bailout plan<br>over the weekend, and several other Euro countries are looking at plans.<br><br>http://biz.yahoo.com/cnnm/081006/100608_credit_markets.html?.v=2<br>The passing of the bailout plan has not put any confidence in the market<br>so the credit markets remain frozen. This suggests that things are not<br>going to improve until the Feds get moving, which is going to take a while.<br><br>The only silver lining going on right now is that people are so afraid of the<br>markets that they are going for Treasury Bills like mad. This has pushed<br>the cost for
 the US to finance the bailout and other operations down.<br><br>Jay<br><br></div></div><br>

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