Monday, September 29, 2008

Markets Closed

In just a matter of a few hours the bottom dropped out

The Dow Jones Industrial Average slid 778 points for its biggest point drop ever as $1.2 trillion in market value was erased from American equities. The MSCI World Index of 23 developed markets slid 6.9 percent, the most in 21 years.

My guess this will be only the start of a very long week.

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