6 June 2008
Market Drowns in Sea of Oil; Dow Dives 325
Posted by Joy Bischoff under: World Economy .
The Dow took a 325 point plunge on Friday as Wall Street reacts to an unprecedented $10 surge in crude oil prices and the largest one-month rise in the nation’s unemployment rate in two decades.
http://www.foxbusiness.com/story/markets/oil-data-swallows-market-open/
10 Comments so far...
Stumpy Says:
6 June 2008 at 1:54 pm.
Ah hell Im gonna go back out and weed some more jist ta cheer myself up.
Peter Says:
6 June 2008 at 2:07 pm.
Stumpy, I think I’ll join you. Sounds more peaceful than seeing the news.
T. Fan Says:
6 June 2008 at 2:09 pm.
Sean just came on and is saying everyone needs to calm down. Actually he is talking more about politics but everything feels shaky right now is so many ways. We really do need to try and be calm. Alot of us saw this coming. Things will probably get a little better like a roller coaster ride before another dive. I doubt everything is going to suddenly crash. Take a breath.
Jan W. Says:
6 June 2008 at 3:02 pm.
I just heard on the news that the DOW fell 411 points. OUCH!
Pickles Says:
6 June 2008 at 4:58 pm.
Okay I am about to go out and have fun all weekend but first I just have to say crapcrapcrap. There I feel better.
Cavetrollhead Says:
6 June 2008 at 5:56 pm.
I get tired of hearing about funding new exploration for oil. WE HAVE LOTS OF OIL!!! You hear of conservative candidates all the time talking about funding new exploration. What we really need to do is take our power back from environmental extremists.
(We are killing the earth by driving the drilling overseas to countries that don’t give a rat’s bum about the environment)
Saddened Says:
6 June 2008 at 6:55 pm.
What an insane day. The market acts so psycho on every piece of news and it has huge effects on us. I hate the MSM for not talking about what everyone is talking about…using our own freaking oil.
Jesse Says:
6 June 2008 at 8:24 pm.
I’m so glad I don’t play the market. I’m not a gambler either. I couldn’t take this kind of a ride. I agree with Saddened. Any little thing has people scrambling. Reminds me of a wild horse.
Iffer Says:
7 June 2008 at 1:14 pm.
Wow that is kinda scary. I agree with Saddened, why don’t we use our own oil??
Nalvy Says:
9 June 2008 at 4:10 pm.
Pure laziness is why Iffer
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