Well, it looks like the market futures, the pundits, and of course, the financial gurus at Routing By Rumor (RBR) were right on the money, so to speak.
We are now a few minutes into the trading day, and the Dow Jones (DJIA) has lost more than 400 points within the first five minutes of trading! If that isn’t a freefall, it’s awfully close. Stocks have recovered slightly in the last couple of minutes, but the Dow is still down by more than 300 points.
The White House has just announced that perhaps an even more robust economic stimulus plan is needed. It looks like President Bush might actually be paying attention. Finally.
Today should be a very interesting day.