Monday, September 29, 2008
In steep market plunge, GCI stock trades lower
Gannett's shares have traded as low as $16.83 today, down more than 6%, as the U.S. House of Representatives rejects the historic $700 billion bank bailout package -- delivering a stinging defeat to the Bush Administration and to congressional leaders. The widely watched S&P 500 Index is down more than 6%, and the Dow Jones Industrial Average has tanked more than 500 points, or nearly 5%.
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Jim says: "Proceed with caution; this is a free-for-all comment zone. I try to correct or clarify incorrect information. But I can't catch everything. Please keep your posts focused on Gannett and media-related subjects. Note that I occasionally review comments in advance, to reject inappropriate ones. And I ignore hostile posters, and recommend you do, too."
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Look at Google. Currently down 8%.
ReplyDeleteThe start of the next depression?
ReplyDeleteNot a start, baby. It's here.
ReplyDeletebuy buy buy stocks now
ReplyDeleteMore like save, save, save all your money now because this one is gonna last. We haven't even seen close to the worst yet. This is just the tip of the iceberg.
ReplyDelete