Could be a bad day

The Dow reached its 2008 low this morning, and then kept falling, on a bunch of icky news - a jump in oil prices, a drop in the dollar, downgrades of Citigroup and GM, a big earnings hit for Nike, and a worse-than-expected quarterly report from homebuilder Lennar (the company is being forced to cut prices to attract buyers). At last check, the Dow was off more than 200 points.


8:34 AM Thursday, June 26 2008 • Link
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