20081003 eod
| Index | Last | Change | % | High | Low | Time |
|---|---|---|---|---|---|---|
| Dow | 10325.38 | -157.47 | -1.5% | 10796.26 | 10310.25 | 16:11:26 |
| NASDAQ | 1947.39 | -29.33 | -1.48% | 2046.81 | 1947.19 | 16:00:32 |
| S&P 500 | 1099.23 | -15.05 | -1.35% | 1153.82 | 1098.14 | 16:11:36 |
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extracted, click title for full story from Bloomberg:
U.S. Stocks Drop as Recession Concern Outweighs Bailout Passage
By Eric Martin
Oct. 3 (Bloomberg) — U.S. stocks slid, capping the worst week for the Standard & Poor’s 500 Index since the 2001 terrorist attacks, on concern the $700 billion bank bailout isn’t enough to unlock credit markets and prevent a recession.
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Wanted bailout passed
We got it
Yet Dow passed out
This made me recall what i wrote before:
20080921 “sti hsi sse nikkei dow 20080922-20080926. Thoughts: is worst over?“
“The upsurge last week, had turned many indicators from bottom.
Is worst over?
Windback the clock, the econ downturn
is caused by subprime housing issue,
leading to financial issue (Lehman, ML, AIG),
resulting in investor non-confidence
Some measures were put in:
U$700b, curb shortsell…
Think awhile:
(1) US$700b enough to bring us from cave to hilltop?
When some1 comes to us asking for a loan of 1,000,
we may ask: “what’s the immediate needs?”,
we may lend 700, or 1,300?
Wellknown co Lehman, ML, AIG had problem, what about other companies?
US$700b enough?
(2) Shortseller covering position last Fri on Dow?
How many days more we anticipate to see 300~400 points surge?
(3) Which issues are settled? Is the root problem settled?
Financial bigwigs were saved. Housing mortgagees were saved?
Perhaps, safer for us to assess tides & act.”
& this:
20080823 “Analyst 愛拿你死“
“Old men didnt say “the only certainty in stock, is the uncertainty” for no reason.”
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Enjoy weekends! 
