Definitely, seriously bad. When the graph/chart/formula guys are saying it's going to go under 7,000 and maybe hit under 6,000 we all have to hunker down and watch carefully -- and be prepared for the worst.
International Level: Ambassador / Political Participation: 595 59.5%
Stock Market Falls
NEW YORK (AP) - The major stock market indexes have staggered to their lowest levels since 1997, pulled down by investors' rapidly waning confidence. The Dow Jones industrial average is down 250 at 7,114. The Standard & Poor's 500 index is down 26 at 743, while the Nasdaq composite index is down 53 at the 1,387. Ref. USAToday
Dow Jones industrial falls
NEW YORK (AP) - Investors' despair about financial companies and the recession have brought the Dow Jones industrial average to another unwanted milestone: its first drop below 7,000 in more than 11 years. According to preliminary calculations, the Dow fell 299 points to close at 6,763.06. It is the Dow's lowest finish since April 25, 1997. The Standard & Poor's 500 index is down 34 at 700, while the Nasdaq composite index is down 55 at 1,322.
Stocks Fall
NEW YORK (AP) - Stocks fell to 12-year lows on Thursday as investors faced more disheartening economic readings, new concerns about the stability of GM and ongoing uncertainty about the financial system. According to preliminary calculations, the Dow Jones industrial average is down 281 points at 6,594. The S&P 500 is down 30 at 682, while the Nasdaq composite index is down 54 at 1,299. Ref. USAToday
Dow Could Hit 4,000: Video
Even though the Dow appears oversold and could rally back to around 7,400, investors should consider limiting their exposure to equities, according to Stockmarket Cycles' Peter Eliades. Stacey Delo reports. Ref. Source 4