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Wild swings today in the markets......Dow swings 1000 points.......

By
Title Insurance with Bell Title /Triserv LLC

Thought Of The Day ~ "Never before has the future so rapidly become the past." -Arnold Glasow

Is it over?

I can't watch anymore!

Today's markets were all over the place. Wild swings in the market from the opening this morning over 800 down to 250 up to the end of the day @ 150 points down.

DJIA ended the day at low not seen since 2003 ~ 8451.19 -128.00 (-1.49%)

Oct 10 4:09pm ET \

Open: 8568.67

High: 8901.28

Low: 7882.51

Volume: 672,211,027

Avg Vol: 308,001,000

Mkt Cap: N/A

It is one of the  worst weeks in Dow Jones history. The DJIA ended up down a total of 1,666.31 (16.47%). Not pretty!

So the question remains, where will it end? The answer is who really knows. It depends on several factors. Not the least of which is the emergency meeting of the G7 nations to try and figure this mess out this weekend and whether they are able to implement the key elements of their plan.

Stay sharp!

Thanks for stopping by

 

To your success

Until next time my friends,


LEADING EDGE TITLE SOLUTIONS

Matching experience with technology to give

you the edge to be a mortgage industry leader

 

Bo Hussung

Vice President of Sales

phone ~ 615-438-7300 fax ~ 678-261-1594

email me ~ bhussung@cogentca.com

web ~ www.cogentca.com


 

Show All Comments
John Cannata
214-728-0449 http://TexasLoanGuy.com - Frisco, TX
Texas Home Mortgage - Purchase or Refinance

According to a few 'professionals' we should be close to the bottom.  But aren't they just hoping thats the case?  The President makes announcements, they cut the Fed Rate, and make a deal for $700 Billion... but still no end in sight.  Very interesting times we are in today.

Oct 10, 2008 03:43 PM
Robert Vegas Bob Swetz
Las Vegas, NV

Bo -I have several Real Estate investments in different states and they are only Vacant Land Properties, thank God. The taxes are low enough so I don't have to worry. Try not to purchase anything big for at least one year, it has not hit bottom yet. February is suppose to be a killer.

Try to get your ducks in a row, if you have to take a lose with something sacrifise it. I lost a big Real Estate investment because one of my lenders gave me the heads up way early and saved me $60,000 dollars in payments but lost the property.

If you can, get out of the city for the weekend. I went out last Sunday when I was suppose to work and tomorrow I am headed to Utah to take some photographs.

You won't miss anything because everyone is talking about it. Take care buddy, I know how your feeling!

Oct 10, 2008 06:03 PM
Fred Chamberlin
Guild Mortgage Co - Oak Harbor WA - Oak Harbor, WA
Oak Harbor/Whidbeynulls, #1 Experienced FHA Mortgage Consultant

It's not over Bo. The Vix index is full of volitility and I am wondering what the long (banking) weekend will do to us. It will be an interesting week to come. Stay strong.

Oct 11, 2008 01:48 PM
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