Dow falls 600 to below 9000. S & P loses 7%.
"Dow falls below 9,000 for first time since '03 - on the 1-year anniversary of all-time high."
NEW YORK (CNNMoney.com) -- "Stocks slumped fast and hard on Thursday afternoon - with the Dow falling below 9,000 - as reports that Treasury's may buy stakes in banks failed to reassure investors amid the ongoing credit crisis."
Same people who set up the conditions for this are running damage control. The balloon burst, and the same people who pumped it up with borrowed money are now pumping harder and harder with the taxpayer's money.
Arf