How Bad Did The Stock Market Really Fall Yesterday?
They always talk about ups and downs. Is this really anything significant?
What was this woman upset about?http://news.yahoo.com/nphotos/Lehman-Bro…
What is a specialist working the floor of the New York Stock Exchange, and what does she do?
2 Comments
Comment by eeyorest
It was a huge fall in the stockmarket. The woman on the floor of the NYSE is upset because she works for Lehman Brothers, which closed it’s doors. She no longer has a job. On the same day, Merrill Lynch, another investment giant, became vulnerable and was purchased by Bank of America.
Rapid stock market declines like this are scary because it is a sign of the overall “stability” of the marketplace in the United States. Alone, it wouldn’t be so scary, but coupled with a 6.1% unemployment rate, and a large national debt, it indicates that the US is heading towards a financial disaster, like the Great Depression.
Comment by Timmy T
it fell like almost 5 percent…which is substantial