Thursday, October 9, 2008

I Told You So

The Dow is down another 350 550 650 points today... after drops every day this week. The index has been down every single day since the bailout passed, by over 2000 points, or over 20% of the its September 30th value.

In the time it took me to write this, the reported value of the Dow dropped another 300 points.

Maybe the bailout didn't "rescue" the economy or "restore confidence" to Wall Street. Funny, huh?

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