Economic Roller Coaster
Jan. 22nd, 2008 10:45 am![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
bjarvisYesterday, while the US markets were closed for the Martin Luther King Jr holiday, the world's stick stock markets tanked. Badly.
I swear, I take one day off work and the planet goes to hell.
This morning's market openings were hideous (the Dow off 384 points) but the Fed cut interest rates by 3/4 of a percentage, the largest single cut since 1984. The Dow has rebounded to being down "only" 158 points at the moment.
It's gonna be one of those years...
I swear, I take one day off work and the planet goes to hell.
This morning's market openings were hideous (the Dow off 384 points) but the Fed cut interest rates by 3/4 of a percentage, the largest single cut since 1984. The Dow has rebounded to being down "only" 158 points at the moment.
It's gonna be one of those years...
