Lump In Chest From Smoking

New slump and anxiety on Wall Street

expected by government officials to act FECAL inept? ...

The Mexican stock market lost 5.4%

collapsed Mexican crude price to 77.97 dlls.

Weight loss lump, is trading at 12 pesos per dollar.

New York, October 6. As shown in the bailout approved by Congress for 700 billion dollars would be enough to stem the financial crisis, Wall Street succumbed to panic and fell 3.58 percent, dragged down by the slump in Europe. The Dow Jones lost the line of 10 000 points, something that did not happen since 2004. The Nasdaq gave up 4.34 percent, while the selective S & P 500 fell 3.85 percent. Wall Street rallied losses up to 800 points in the last hour of trading, but failed to finish above the mark. Analysts and investors assume that the economy, not just the U.S., will fall into recession following the financial debacle.

Dow Jones industrial average, leading indicator of the New York Stock Exchange lost 369.88 points to close at 9 000 955.5 units. The Standard and Poor's 500 lost 42.38 points, or 3.86 percent, to close at 56.85 billion units. The Nasdaq Composite Index fell 84.43 points, or 4.34 percent, to 862 thousand units. The closure of the S & P was the lowest since December 2003.

The bad news continues to permeate in Europe and the United States, prompting a black day in the major global stock markets, succumbed to Wall Street, which soared to 800-point loss in the last hour of trading, although failed to finish above the psychological mark of 10 000 units.

This new massive drop, which spread to major world stock markets was caused by signals that the bank bailout plan the government, worth 700 billion dollars, not enough to tackle the crisis.

"People are scared and the only thing they are doing is selling. Investors are cleaning out portfolios and getting rid of everything because nothing seems to be working, "said Ryan Detrick, analyst at Schaeffer's Investment Research. Tale

recession

This was the fourth straight session of declines on Wall Street. Analysts and experts agree that the crash occurred despite the efforts of governments to contain the financial crisis that is spreading rapidly.

Wall Street's drop was part of a global sell-off, that led to the temporary interruption of operations in Russia, Brazil and Peru.

The emergency rescue of big European banks and action by various governments on the continent to guarantee bank deposits intensified fears that the credit crisis can not be contained.

"We are clearly in the panic zone. We have gone from bear market to panic, "said John Schloegel, vice president of investment strategies at Capital Cities Asset Management in Austin, Texas.

Wells Fargo shares fell 2.7 percent to 33.64 dollars of Wachovia lost 6.9 percent, to 5.78 dollars, and Citigroup fell 5.1 percent, to 17.41 dollars. The actions of energy companies, the Chevron Corp lost 3.2 percent, to 76.84 dollars.