06 Oct 2008

Despite "Rescue," Markets Continue to Get Pummelled

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I really don’t take pleasure in pointing this out, not the least reason being that I have a (very modest) retirement account in global equities. But we were told we needed to fork over $700 billion to reduce volatility and shore up confidence in the financial system. Well, as of this writing, the Dow is below 10,000, and the S&P is down 4.75% on the day.

Is it too late to have a Do Over?

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