WILLDOGS

NOT GOOD.



Wall Street sees worst day since just after 9/11 attacks, with Dow down 500 points, as financials melt down.

By Alexandra Twin, CNNMoney.com senior writer
Last Updated: September 15, 2008: 4:09 PM EDT

NEW YORK (CNNMoney.com) -- Stocks tanked Monday, as investors reeled amid the fallout from the largest financial crisis in years after Lehman Brothers filed for the biggest bankruptcy in history and Bank of America said it would buy Merrill Lynch in a $50 billion deal.

Treasury prices rallied as investors sought the comparative safety of government debt, sending the corresponding yields lower. Oil prices tumbled, falling well below $100 a barrel on slowing global economic growth. The dollar rallied versus other major currencies and gold prices spiked.

The Dow Jones industrial average (INDU) lost 500 points, or 4.4%, according to early tallies. It was the biggest one-day point decline for the Dow since Sept. 17, 2001, when the market reopened for trading after having been closed in the aftermath of 9/11 terrorist attacks.

The Standard & Poor's 500 (SPX) index lost 4.5% and the Nasdaq composite (COMP) lost 3.6%.

Global markets tumbled as investors reeled after Lehman Brothers filed for bankruptcy, Merrill Lynch was forced to sell itself to Bank of America and investors awaited AIG's restructuring announcement.

http://money.cnn.com/2008/09/15/mark...ex.htm?cnn=yes

Fibonacci

And this too shall pass...

amisconception

Lehman Bros. Bankruptcy Doesn’t Stop These Two Guys From Making Out

By Dan Hopper

During a live CNN broadcast in front of the Lehman Bros. building in Manhattan, two distraught male employees “made light of the bankruptcy situation by consoling one another,” as one CNN anchor lovingly describes it. To me, it looks like two random dudes successfully f*cked with a live broadcast by pretending to make out behind the unaware CNN correspondent.

Either way, congratulations, Those Two Guys — you got on the internet:

(video in link)

http://www.bestweekever.tv/2008/09/1...om-making-out/

DAROCK

it's not over yet. GS will be pushed down below 100. Wamu is 1.50. yikes!!

Moog-Type-S

I heard it said best: Wall Street is in a Hurricane.....Category: 5......the eye of the storm is just passing overhead.

phee

iTrader: (5)

maybe i should buy some wamu stock...or open a bank account and spend abunch of money and OD...its not like i will have to pay it back when they go under...

Trackruner228

iTrader: (1)

I just hope wachovia makes it through all this.

On the bright side oil fell to $92 today.

Moog-Type-S

Another great day on Wall Street!!!!

Black Tire

Looks like Sept 17th beat the 15th. I would guess DOW will hit 10,000 by end of Sept, 9000 by end of Oct. 8000 by end of year. Oil will hit $60 by end of year as well.