The Dow has fallen below the 9,000 mark as shares of General Motors reached a 50 year low. The Dow is down 250 at the 9,006 level after falling to 8,955.
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The scary part of this is we have not reached bottom yet. So much for the government bailout. Obama is going to have a huge financial crisis on his hands when he takes office in January and I don't think we will see a recovery until at least 2012. It is my hope that Obama will rely on advice from Warren Buffet and Mike Bloomberg.
Thursday, October 9, 2008
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