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Old 10-09-2008, 08:21 PM   #1
Steve_A
Project Avalon Moderator
 
Join Date: Sep 2008
Location: Northeastern Brazil
Posts: 1,259
Default The Dow takes a thrashing and AIG want yet another 100 billion

Hi Everybody,

The DOW took an absolute thumping today nosediving in the last hour of trading of 678,91 points. Car makers taking it most, General Motors down almost 30% because credit froze on new car purchases. Google and Yahoo! also had a hard day of it on the NASDAQ.

AIG today asked the Fed for yet another 100 billion to help them out, that would be 218 billion just for them over the last two weeks.

I really do think that NOW people is the time to run to your banks and withdraw your savings. This time it's no joke.

Over here in Brazil the BOVESPA fell more than 3% and the tendency is to really collapse tomorrow.

Friday (tomorrow) is going to be a really tough day as only the biggest ***** of steel will be able to stay the weekend.

Make your move people as I think, not to sound like a religious freak, but 'the end is nigh'.

Best regards,

Steve
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