DJIA Below 8000 – God is killing even more kittens
10 Oct 2008
In even more shocking news, the Dow Jones has fallen even further below 10k. It is currently trading in the 7000′s.
From cnbc:
“You got a sense that once they got to that spot when they broke 8,000 in the Dow that they were holding them, that they were going to be able to fend off the waves of selling,” Gordon Charlop, of Rosenblatt Securities, said on CNBC. “You could just get a sense that they were finding a level.”
The Dow is in a freefall at a record pace. We are undoubtedly entering a recession and it will take an act of God to keep us out of a depression. The only comfort is that Oil is falling along with the rest of the world markets.