The Lyons Den

I am sure some astrologer will find some correlation between October 29th, 1929 and September 29th, 2008.

Although the DOW only dove 777 points -6.98% compared to the -12% in 1929 this is still horrifyingly close. NasDaq fell -9.14% and the S&P 500 fell -8.79% (so much for those that were selling the IULs)

Leadcritic has a good article that came out this morning on their blog however the best bailout article I have seen yet is on the Los Angeles Times website. Check out the graphic of the comparision with other federal programs:

This entry was posted on September 29, 2008 at 1:39 pm and is filed under Business, Financial Services, Mortgage, Real Estate, Vitality. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.