US Stocks Tumble In Biggest Drop Since Dec
Feb 10th, 2009 by Vinny
This is why I am in real estate:
“U.S. stocks plunged and the Dow Jones Industrial Average fell by more than 400 points after Treasury Secretary Timothy Geithner did little to slake traders’ thirst for details on the U.S.’s plans to aid ailing financial institutions.
Stocks have ticked up and down in a tight range since the inauguration of President Barack Obama in late January, waiting for the new administration’s plan to stabilize the financial system. Tuesday, Treasury Secretary Timothy Geithner outlined a wide-ranging plan to buy toxic assets from banks and backstop credit markets in a late-morning speech.”
Housing doesn’t tumble because of a single speech..
US Stocks Tumble In Biggest Drop Since Dec After Bank Plan – MarketWatch.
