Tuesday, September 16, 2008

Stock Market Down 500 Points

I JUST SAID THE MARKET IS DOWN 500 POINTS!!! This is a sad day in history folks.

Monday, September 15th 2008 the economy took a HUGE hit with AIG, the worlds largest insurance group, down 61% and Lehman Brothers, the number 4 investment bank in the U.S., filing for Chapter 11 bankruptcy. This isn't just a regular company going bankrupt, we're talking $613 billlllllion in debt.

Merrill Lynch & Co. Inc.,the world’s largest brokerage is down from 98$ a share just last year to a measily 17$ a share as of monday forcing them to sell out to Bank of America who has luckily bumped the numbers back up to 29$ a share.

this is starting to scare me... No one panic.... everything will be fine...

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