12.01.2008

- 679.95

The final toll for the Dow Jones Industrial Average after a hellish day on Wall Street.

While the drop did not wipe out all the gains of the past few days of trading, this is still quite a dramatic slide.  I had a bad feeling this morning based on the rate of the initial slide.  I sent out an email to some friends during my first class with the title "Hold onto your hats" and this screenshot:









In other news, the Fed is now discussing the possibility of buying Treasuries. That also seems a bit ominous. It brings this image to mind - the ouroboros: