Wednesday, November 19, 2008

Economy Crashing Wave by Wave




Warning! This economic crises floods our economy as we speak! This chart (second) displays what went on with Dow Industrials just today. For the first time since 2003 it sank below 8,000. It suddenly dropped 5.07%in just one day.It especially slides down between 3 and 4 pm ET. Many specific types of businesses got harmed even more. Citigroup descended by over 22%. General Motors 10% about $2 per share, and Ford Motor Company 24% about $1 per share. These companies are 2/3 of the leading American automakers. The threat of their bankruptcy aligns them on the edge of the cliff. Oil drops to a record low for 22 months or about $56 a barrel. Nasdaq, including many video game companies descended 6.53% (first chart). Markets from some other countries also descended although not as much. If you want more information on this topic, I recommend that you visit my source.

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