日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

WORLD> News
Wall Street plunging into pit of despair
(Agencies)
Updated: 2008-10-10 10:30

A runaway train of a sell-off turned the anniversary of the US stock market peak into one of the worst days in Wall Street history Thursday, driving the Dow Jones industrials down a breathtaking 679 points and deepening a financial crisis that has defied all efforts to stop it.


 A weary trader rubs his eyes as he pauses outside the New York Stock Exchange following the end of the trading session in New York October 9, 2008. The Dow Jones Industrial Average dropped 678.91 points on the day to finish at 8579.19 closing below 9,000 for the first time since 2003. [Agencies]




Could it be just a year ago that jubilant investors were celebrating record highs in the stock market? It almost seems inconceivable now as both Wall Street and Main Street stare into a seemingly bottomless pit of despair that has swallowed up $8.3 trillion in shareholder wealth during the past 366 days.

"We aren't dealing with a fundamental economic issue any longer," said James Paulsen, chief investment strategist for Wells Capital Management. "We are dealing with fear. And that doesn't respond to economic medicine."

That hasn't stopped the US government from trying to find a remedy.

In a series of moves aimed at avoiding the mistakes that culminated in the Great Depression nearly 80 years ago, the US government already has committed to spend more than $1 trillion to prop up ailing banks and other lenders during the past month of turmoil.

But none of it seems to be working, which only seems to be scaring people even more, especially after US leaders spent nearly two weeks painting a gloomy picture of the economic outlook to persuade Congress to approve a $700 billion bailout of the banks.

"I think right now there are just some very powerful negative images that are alive in many people's minds -- images of the Depression, images of people selling apples," said George Loewenstein, a behavioral economist at Carnegie Mellon University. "The images of the downside are just so salient in people's minds, and nobody has presented an upside image yet."

The quarterly 401(k) statements that are starting to arrive in the mail will only serve as another grim reminder of the financial carnage. And it has gotten worse since the quarter ended in September, with the Dow Jones industrial average tumbling every day so far this month.

In this week alone, the Dow Jones has plummeted by 17 percent, bringing the total decline to 39 percent since the US stock market's most famous bellwether peaked at 14,164.53 on Oct. 9 a year ago.

   Previous page 1 2 Next Page  
主站蜘蛛池模板: 欧美日韩精品一区二区三区四区 | 国产精品一区二区av | 亚洲一区在线免费观看 | 久久97| av成人精品 | 99福利在线| 中国精品毛片 | 久久国产精品免费观看 | 免费成人深夜在线观看 | 97人人草 | 亚洲精品系列 | 视频一区二区三区在线观看 | 欧美日韩999 | 日韩精品一 | 亚洲偷| 欧美片在线观看 | 久久精品视频1 | 男女黄色一级片 | av片网站 | www天天操| 欧美精品日韩 | 国产精品a级 | 久久精品区 | 日韩在线第二页 | 日本国产高清 | 亚洲天堂区| 91看片在线 | 欧美日韩乱国产 | 免费一级片在线观看 | 免费在线你懂的 | 免费在线日本 | 99精品视频网站 | www婷婷 | 男人网站在线观看 | 成人av在线看 | 黄色国产在线 | 日韩在线综合 | 国产在线一二区 | 91大神福利视频 | 婷婷色中文网 | 一区二区三区国产 |