Posted By RichC on February 19, 2009
Traders saw most stocks fall on Thursday, putting the Dow Jones Industrial Average back on a bear-market closing low track. The financial sector continued to decline and there was little desire by investors to buy equities with the gloomy economic data.
The Dow Jones Industrial Average dropped 89.68 points, or 1.2%, to close at 7465.95 which is only 25 point above the intraday low of 7449.38 set in on November 21st of last year. There has been little for investors to cheer.
On a different note, here’s CNBC’s Rick Santelli and his so called “Rant of the Year” from Wednesday. I’d say he is a bit irritated at Washington DC’s (Dems) plan to stem mortgage defaults by stepping in to help.