Word: dowe
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...Additional photo credits -- Paulson: AP; AIG Ticker: Andrew Harrer / Bloomberg / Landov; Lehman: Getty; Federal Reserve Bank of New York: AP; Foreclosure: AP; AIP sign: Getty; Dow Jones...
...Sept. 17 was a fearful day, that's for sure. The $85 billion lifeline the government threw to AIG may have prevented a total meltdown, but the Dow industrials still finished 449 off points for the day. The price of gold shot up by about $80 an ounce and the yield on the three-month Treasury bill maturing Dec. 18 dropped to 0.04% - from 0.68% the day before. "It's a total flight to quality, which points to the sheer panic that's out there," says S&P Equity Research strategist Alec Young...
...Sept. 15, the Dow fell 504 points. Pretty drastic. The next day it gained 142 points. The lesson: these are volatile days and weeks, and timing the market is a crapshoot, even for the pros. The ability of ordinary investors to move in and out of investments at the right moment tends to be pretty bad anyway. A longitudinal study by the research firm Dalbar shows that as mutual-fund investors increase the length of time they hold their funds, they do better relative to stock and bond indexes. "Our emotions are backward-looking, but the market is always about...
...economists agreed that this week has been historic for Wall Street. The Dow Jones Industrial Average, a common market metric comprising 30 widely-held companies, has tumbled 7.1 percent in just three days...
...Monday, the Dow registered its largest fall since the first day of trading after the Sept. 11 attacks. The S&P 500 index, a broader index which typically is less volatile than the Dow, is down 7.6 percent this week...