10 October 2008

Dow Plunges 697 Points On the Open

The Dow Jones Industrial Average plunged almost 700 points on the market open in some of the most extreme volatilty yet seen. Prices have since rallied back to even, and a little bit of green, due no doubt to wild swings.

President Bush will be speaking this morning most likely to serve up a few more meaningless platitudes.

Intraday swings mean little if we judge by what has happened so far this week.

It will be all about the last hour of trading.