CNN HEADLINE
Stocks down at end of rocky ride --Wall Street cuts losses, but still ends lower as investors worry about the global economy. Emergency interest rate cut provides little support.
"Stocks tumbled at the open on worries that the United States is headed for a recession, if it isn't already in one, amid the credit and housing market crisis." (CNN)
A wild ride, indeed! if there isn't enough bad news the press will do all they can to make you believe that things appear WORSE than they seem
REALITY
Here are the one day charts...
Just the FACTS JACK!
The Dow Jones industrial average (INDU) lost about 1 percent, recovering from bigger losses during the session. The blue-chip barometer opened the session down by more than 450 points. (I am shakin in my boots!)
The broader S&P 500 (INX) index gave up 1.1 percent and the Nasdaq composite (COMP) lost 2 percent, recovering from larger losses. (ooooooooooooooooooh!)
The Russell 2000 (RUT.X) small-cap index ended just 0.2 percent lower.(au-ohhhh)
Treasury prices rallied, lowering the corresponding yields as investors bet on the comparative safety of government debt. (YEAH, WHOOPI)
Oil prices fell and gold prices climbed. (YEAH!! WHOOOPI)
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