06 October 2008

Chaos Reigns

  • Wells Fargo slipped 3.7 percent
  • The S&P financial services companies' index fell 5.6 percent
  • Bank of America fell 4.6 percent
  • The Dow fell below 10,000 for the first time since October 2004
  • JPMorgan Chase slid 5.7 percent
  • Shares of energy companies were a top drag, with the S&P energy index down more than 7 percent
  • Shares of Exxon Mobil Corp fell 1.2 percent
  • Chevron Corp lost 4.7 percent
  • Shares of economic bellwethers ... General Electric ... shares dropped 5.2 percent

And now the wolves are fighting over the carcasses strewn everywhere. This from Reuters...

"Citigroup said it is suing Wachovia and Wells Fargo, and it is seeking more than $60 billion in damages over Wells Fargo's competing bid for Wachovia."

FUCKING CHAOS REIGNS!!!!!

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