US Stocks Have Steepest One Day Slide Since Height of 2008 Credit Crisis

Aug 08, 2011 15:35


Bloomberg
U.S. Stocks Plunge; Dow Off 634 Points on S&P Downgrade


U.S. stocks sank the most since December 2008, while Treasuries rallied and gold surged to a record, as Standard & Poor’s reduction of the nation’s credit rating fueled concern the economic slowdown will worsen. The Dow Jones Industrial Average plunged 632 points as approximately $2.5 ( Read more... )

global financial trainwreck of 2007-?, tea party politics, rating agencies, sovereign debt crisis, bear markets

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ebenizer August 8 2011, 20:54:04 UTC
let the hammer fall already!

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