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Dow Down A Record 681 Points -- Finishes Under 9,000

by An IMC-LA Reporter Tuesday, Sep. 18, 2001 at 6:43 PM

Despite a half-point cut in interest rates, the Dow fell a record 681 points today, finishing at 8,924, according to preliminary calculations.

Despite a half-point cut in interest rates, the Dow fell a record 681 points today, finishing at 8,924, according to preliminary calculations. This was the first time in over 2 1/2 years it finished under 9,000. The Nasdaq index fell 115 points and the broader Standard & Poor's 500 index dropped 53 points. Declines were not unexpected, given previous trends, the long period of suspended trading, and the sharp hit taken by airlines in the wake of shut-downs last week and widespread fears of flying.

However, apparently there was no sign of a promoted "patriotic rally," and the impact of yet another cut in interest rates seemed as insignificant as the past 7 cuts this year, which have had no appreciable macro-economic impact so far.

Dow plunge: poor don't suffer?

by Incredulous Tuesday, Sep. 18, 2001 at 6:54 PM

Are you celebrating a stock market crash? Do you think the rich will not be rich any more (as opposed to slightly less rich)? who do you think suffers in a recession or depression. Can't understand why the left hasn't taken over -- they seem so smart, eh?

I Wasn't Celebrating Anything

by Paul H. Rosenberg Tuesday, Sep. 18, 2001 at 11:50 PM
rad@gte.net

I think you need to learn to read more carefully, and put a little less of your interpretation into what you read. I wasn't celebrating anything. I was reporting some significant news, and most of what I wrote was a simple condensation of the AP stroy I linked to, which you could have discovered simply by clicking on the link.


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