The DOW is diving at close. 9247

[tekisui]

And, still dropping....

[spinbaby]

1. What the hell happened?

I thought for a while there my 401k was going to have a good day.

[AllieB]

3. Selling.

Lack of confidence. European markets closed sharply lower.

[LSparkle]

2. OMG, how much of a drop today?

It was down about 220 a few hours ago ... then up around 100.
???

[tekisui]

4. -201 on the day.

Up and down all day.

[Delphinus]

6. That's what I saw!

Man.

[librechik]

10. down about 200

reckon they have to wait for ongoing transactions to close

[dbt]

12. Dow -194.74 at 3:04 CDT,

But still updating. Rather sudden drop in the last hour.

[gravity]

5. You know its bad when being down only 200 pts feels like a relief

[Roland99]

7. About 3:30 it was +111. -202 now in after-hours settling. WTF??

Word of Iceland maybe going bankrupt?

MetLife's warning that leveled insurers?

[Jack Rabbit]

8. That's about where it was four hours ago when I first checked today

It's been holding steady there. So far today, I've seen in down between 160, never less and 180, never more.

[nadinbrzezinski]

9. I guess they didn't like Paulson's time line

[ProdigalJunkMail]

11. paulson opened his mouth

and tomorrow, the ban on shorting ends... could be interesting...

sP

[tekisui]

13. Why?

[ProdigalJunkMail]

18. why does the rule expire?

i don't know...but it does according to the news that i have been hearing.

sP

[Roland99]

16. Ends tonight, no?

[ProdigalJunkMail]

19. yep...

i think i will not watch tomorrow...

sP

[ProdigalJunkMail]

25. i made a mistake and looked in at the last minute

looks like it should not have looked in...

sP

[opihimoimoi]

14. and where is the MBA Bush Dude??? Shameful conduct in the Oval Office

Malfeasance its called....ineptness, incompetent, lacking...not ready for the Prime time was he??

And they want us to Trust McSame???

Don't think so

[dbonds]

15. Obama speaks and it goes up to positive, Paulson speaks and it dives again.

[B Calm]

17. and I thought it was suppose to be a good day because they dropped % rates

[ProdigalJunkMail]

20. the sad part is that COMPARATIVELY it WAS... n/t

[MissMarple]

21. Didn't the drop reverse? I thought it was inching back up?

So we have to wait for the interbank lenders to get their courage back? Or will buyers just get their courage up and come out from under the bed?

[ProdigalJunkMail]

22. combination of both

and the Dow tanked at the end of the day...

oh well...

sP

[Jacobin]

23. I'm thinking it might start improving at about 8,000

But what do I know?

:shrug:

[MissMarple]

24. I've seen that number twice today. Interesting.