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Wednesday, October 22, 2008

Stocks Drop - It's a Stupid Economy

George Wenschhof

The Dow Jones fell another 514.45 to close at 8519.21. Third quarter losses at Wachovia, Yahoo and AT&T fueled recession fears. Wells Fargo still plans to acquire Wachovia despite their reported 23.9 Billion loss in the third quarter. Some market analysts are now saying the Dow is close to the bottom. has more here.

Meanwhile, President Bush invites world leaders to Washington for an economic summit to begin on November 15. This will be following the election, so let's hope the president-elect is Obama and he is invited. Read more here.


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