Monday, September 15, 2008

And Oil down around $5 – No Dominoes Today

Stocks fall sharply following Lehman bankruptcy, Merrill sale; Dow falls more than 500 points

A stunning makeover of the Wall Street landscape sent stocks falling precipitously Monday, with the Dow Jones industrials sliding 500 points in their worst point drop since the September 2001 terrorist attacks. Investors reacted badly to a shakeup of the financial industry that took out two storied names: Lehman Brothers Holdings Inc. and Merrill Lynch & Co.

Posted by stevie dee @ 09:26 PM (445 views)
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