Wednesday, January 21, 2009

Wonder what caused this?

The Stock Market is supposed to go up on good new!

Sell-Off Is Sobering Welcome From Wall Street

By Binyamin Appelbaum and Heather Landy
Washington Post Staff Writers Wednesday, January 21, 2009; Page A01

As Washington celebrated, New York fretted.

The Dow Jones industrial average yesterday fell below 8,000, shedding 4 percent, its bleakest performance on any Inauguration Day since the index was started 124 years ago. Nasdaq and the Standard & Poor's 500-stock index both plunged more than 5 percent.

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