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Gray Monday?

We’ve known some pretty bad days in the stock market lately, but today the S&P 500, the broadest indicator of U.S. stocks, dove 8.8 percent — its biggest drop since 1987’s infamous Black Monday. For comparison, on that day the S&P dipped 20.4 percent, the biggest on record. We have a good runner-up today, though. ...

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592300_080929_S_P5.gif

We've known some pretty bad days in the stock market lately, but today the S&P 500, the broadest indicator of U.S. stocks, dove 8.8 percent -- its biggest drop since 1987's infamous Black Monday. For comparison, on that day the S&P dipped 20.4 percent, the biggest on record. We have a good runner-up today, though. Whether or not the bill would put us on a "slippery slope towards socialism," our well-intentioned congressmen who voted against the bailout sure aren't winning any brownie points yet -- at least not where the markets are concerned.

We’ve known some pretty bad days in the stock market lately, but today the S&P 500, the broadest indicator of U.S. stocks, dove 8.8 percent — its biggest drop since 1987’s infamous Black Monday. For comparison, on that day the S&P dipped 20.4 percent, the biggest on record. We have a good runner-up today, though. Whether or not the bill would put us on a “slippery slope towards socialism,” our well-intentioned congressmen who voted against the bailout sure aren’t winning any brownie points yet — at least not where the markets are concerned.

See Also: Is It Time for the U.S. to Issue a Digital Dollar?

Jerome Chen is a researcher at Foreign Policy.
Tags: Finance and Banking, North America

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