Wednesday, October 1, 2008

Stat of the Day

From "U.S. Stocks Plunge After House Votes Against Bailout Plan",

The S&P 500 sank to its lowest level since October 2004 as all 10 of its industry groups tumbled at least 4.2 percent. Campbell Soup Co. was the only stock in the benchmark index for U.S. equities to advance. The Dow average's retreat was its steepest on a percentage basis since the first trading day after the September 2001 terrorist attacks, sending the 30-stock gauge to an almost three-year low. A gauge of expected stock-market volatility climbed to a record.

Ladies and gents, the joke has already been made. Clearly investors are expecting soup lines in the future


Anonymous said...

Soup and ramen. Signs of the end times. So far I'm glad I went from 100% domestic growth funds to just 25% in my 401k.