Dow Plummets for Third-Straight Day
Source: http://Blog.QualityStocks.net/?p=13814Posted on Wednesday, November 12th, 2008 | In Small & Micro Cap
Contributed by: QualityStocks (http://QualityStocks.net) -
By 2:15 pm ET on Wednesday, it was clear that Treasury Secretary Henry Paulson’s comments on the economy were ill-received by investors. In what was quite a reversal of pre-bailout strategy, Secretary Paulson said that the federal government would not be using the taxpayers’ $700 billion to purchase banks’ toxic assets after all. News of this latest development in conjunction with unfavorable quarterly reports, and a grim outlook for the auto industry’s big three, led to battered stocks across the board, as the Dow slid more than three hundred points in early afternoon trading.
Let us hear your thoughts below:
Last 5 posts by QualityStocks
- Omnicity Corp. (OMCY.OB) Ensuring Effective Support for Growing Customer Base - November 25th, 2009
- Clenergen Corp.’s (CRGE.OB) Management Leads Innovative Push into Renewable Energy - November 25th, 2009
- Spending Growth Rises as Inflation Seems Manageable to Fed Despite Job Market - November 25th, 2009
- Stock Guru Featured Company: Quasar Aerospace Industries, Inc. (QASP.PK) - November 25th, 2009
- Stock Guru Featured Company: DecisionPoint Systems, Inc. (DNPI.OB) - November 25th, 2009
 About QualityStocks (http://QualityStocks.net)
Our name, QualityStocks, emphasizes our commitment to connect subscribers with companies that have huge potential to succeed in the short and long-term future. We believe strong management and vision for the future are crucial for any company to be successful. Timing is everything and we help investors succeed by providing an objective, broad-based view of the SmallCap markets on a daily basis. Please see disclaimer on QualityStocks website: http://disclaimer.qualitystocks.net |
No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.