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The Government suspends stock trading to stop market meltdown

with one comment

Moscow, Russia (or New York, NY?), September 17th, 2008, (Reuters).- Today, the government suspended

This graphic shows how the markets and the economy are solid and sound. Nobody knows where though.

This graphic shows how the markets and the economy are solid and sound. Nobody knows where though.

trading on its two main stock markets for a second day Wednesday as shares nosedived and officials pledged 44 billion dollars to fight collapsing investor confidence.

The move came a day after stocks suffered their worst drop since the 1998 financial crisis, with the RTS falling 11.47 percent Tuesday and the MICEX down 17.45 despite a one-hour suspension of trading on both markets. Analysts aren’t sure if this happened in Moscow or Wall Street.

Meantime, candidates are adjusting their messages to adjust to the reality.

Democratic hopeful Barack Obama talks directly into the camera in his new ad on how on he’ll fix an economy in which “paychecks are flat and home values are falling. Unless there is change, my change, your 1.6 million dollar houses, like mine, will be worth only 1 million in the next 4 years.”

On the other hand, McCain and running mate Sarah Palin softened opposition to government bailouts, accepting the U.S. takeover of the nation’s largest insurer as unfortunate but necessary to protect ordinary American seven house owners.

“The shot that has been called by the Feds — it’s understandable but very, very disappointing that taxpayers are called upon another one,” Palin told reporters during a visit to delicatessen in Cleveland. It wasn’t clear if she was meaning the bailout, the campaign expenses or the cost of both recently held national conventions.

Written by Flippyman

September 18, 2008 at 1:21 am

One Response

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  1. Can anybody recommend a good software program to help sift through technical data and generate a list of appropriate stocks based on my technical criteria?


    Stock Trading

    February 1, 2010 at 2:15 am

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