The Financial Crisis has Wiped Out $6.7 TRILLION already since the S&P 500 High of Oct 2007. The Feeling is Much More is yet to come especially after Wednesdays announcement of NO BAILOUT for GM & Ford.
The Selling was so Intense on the NYSE that there were 2943 DECLINERS while only 158 companies traded positively. At the Closing Bell the Damage was DJIA Down 427 points to Free Fall Below the 8000 Barrier Finishing at 7997.28 on the Day.
Banks and Financials are still struggling. CITIGROUP is Laying Off more than 52,000 and the stock [C] has fallen sharply to a formerly unthinkable $6.48 a share. No Companys share price is Safe in this Financial Holocaust. How the Mighty Have Fallen.