Saturday, November 1, 2008
Stock Market Remains Volatile
The stock market dived sharply today, reacting to worrisome news that the stock market was open. After a brief rebound in mid-session, the market fell another 500 points at closing on late news that President Bush intended to address the nation to reassure anxious investors. “In all the turmoil of the past few weeks,” noted one trader, “we had kind of forgotten that he was still in office. It was a grim reminder about how much worse things might still get.” The 981 point drop marked the biggest one-day decline since yesterday.