The Dow Jones Industrial Average fell below 8600 today - bleeding another 7% to continue the incredible losses that have take place all week. It seems like the much anticipated bailout has not had the effect that many anticipated - rather than assuading investor concerns that the worst of the financial crisis was over, it was an inadequate leavy in a flood of capital out of the equity markets and into more stable gold and treasury bonds.
And there’s reason to believe that the markets will keep falling in the great financial crisis of 2008. Some major macroeconomic indicators point to tough times in coming quarters.
Here’s a top 5:
(more…)
More on this topic
(What's this?)
5 Reasons Stocks Will Keep Falling
(The Wikinvest Daily Angle, 10/9/08)
Calls to Congressmen Running in Favor of Bailout Bill
(naked capitalism, 9/30/08)
Marc Faber Disses the Bailout Plan, Likes the Dollar
(naked capitalism, 10/1/08)
