CNN MoneyNEW YORK (CNNMoney.com) -- U.S. stocks slumped Monday morning, joining the global market selloff as investors continued to retreat amid bets of a far-reaching recession.
The Dow Jones industrial average (INDU), the Standard & Poor's 500 (SPX) index and the Nasdaq composite (COMP) all lost at least 1% in the early going.
Stocks have gotten hammered over the last 2 months as the financial markets crisis has accelerated and the credit market has seized up, choking off access to much-needed capital. Efforts on the part of governments around the world have helped loosen up lending somewhat, but not enough to reassure investors.
What is it Atrios is always saying? Oh yeah.
WHEEEEEEEEEEEEEEEEE!!!!!!!!!!11111!!!!!!!!!!!!!!!!!!!
Only, instead of a slide, it's more like one of those small, really fast, merry-go-rounds that spin exceptionally fast as you pull yourself closer to the center. Because, I've got to tell you, this corner we've been turning seems to be going round, and round, and round, and round......
WHEEEEEEEEEEEEEEEEE!!!!!!!!!!11111!!!!!!!!!!!!!!!!!!!
Only, instead of a slide, it's more like one of those small, really fast, merry-go-rounds that spin exceptionally fast as you pull yourself closer to the center. Because, I've got to tell you, this corner we've been turning seems to be going round, and round, and round, and round......
Leave a comment