Dow dips below 10,000, a first since Oct. 2004

Source: MSNBC

NEW YORK - Wall Street tumbled Monday, joining a selloff around the world, as fears grew that the financial crisis will cascade through economies globally despite bailout efforts by the U.S. and other governments. The credit market remained under strain, and investors piled into government bonds. The Dow fell below the 10,000 mark for the first time since Oct. 29, 2004.

The markets have come to the sobering realization that the Bush administration's $700 billion rescue plan won't work quickly to unfreeze the credit markets, and that many banks are still having difficulty gaining access to cash.

Over the weekend, governments across Europe rushed to prop up failing banks. The German government and financial industry agreed on a $68 billion bailout for commercial-property lender Hypo Real Estate Holding AG, while France's BNP Paribas agreed to acquire a 75 percent stake in Fortis's Belgium bank after a government rescue failed.

Read more: http://www.msnbc.msn.com/id/3683270/

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:cry:

...money for Wall Street just isn't enough. How much will Paulson and Bush ask for tomorrow?

Dow Jones Industrial Average
9,889.39 -435.99 / -4.22%

Oct 6 11:05am ET †
Open: 10,317.26
High (day): 10,322.76
Low (day): 9,738.30
YTD%Change: -25.45%
Volume: 117,313,981.00
Prev. Close: 10,325.38

Must keep the peeps afraid. Must do everything within our power to steal this election. I just hope that we can survive until November. Peace, Kim

You will be scared, and the Cons will try to use your fear against you.

But only for a minute! :grr:

thanks a pantload.

not good

Just in a few minutes: -547.02

and still: -596.32

and still: -625.63