gfloyd
Joined: 07 Dec 2006
Posts: 4861
Location: Here, There, Everywhere.
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 Posted: Tue Feb 27, 2007 9:10 pm Post subject: Markets Crash |
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Is there a stock market crash happening in the US tonight?
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Stocks plummeted Tuesday, briefly hurtling the Dow Jones industrials down nearly 550 points as Wall Street succumbed to a global market plunge sparked by growing concerns that the U.S. and Chinese economies are cooling and that equities prices have become overinflated.
A 9 percent slide in Chinese stocks, which came a day after investors sent Shanghai's benchmark index to a record high close, set the tone for U.S. trading. The Dow began the day falling sharply, and the decline accelerated throughout the course of the session before stocks took a huge plunge in late afternoon as computer-driven sell programs kicked in.
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His name was ernie ........ and he drove the fastest milk cart in the west..... |
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