Monday, Sep 29, 2008
As this unfolds - a UK HPC pails in to insignificance!
MSN Money: Bailout bill fails; Dow drops more than 500
Stocks plunged this afternoon, with the Dow Jones industrials off more than 500 points, after the House of Representatives narrowly failed to approve a $700 billion rescue plan for the nation's financial system. (http://www.sing365.com/music/lyric.nsf/Won't-Get-Fooled-Again-lyrics-The-Who/761EF79AAB42FA9C48256977002E72F9 )
Posted by whostolemyendowment @ 08:04 PM (372 views) Add Comment
3 Comments
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1. Blabla said...
That's 'Pales' not 'Pails' - who is writing these headlines? Send them to school
2. jonb said...
Not really.
Remember that most people buy property with borrowed money, so typically a 5% fall wipes them out completely, and any more than that turns their investment into a liability. We are already down about 12% from the peak. If you had bought shares, they are still worth something in most cases.
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