The Dow Jones Industrial Average fell nearly 450 points today despite the government’s bailout of insurance giant AIG. On Monday, the stock market plunged more than 500 points — it’s worst single day session since just after 9/11. Even shares of Goldman Sachs and Morgan Stanley, prestigious banking firms that posted solid quarterly results, plummeted 20 and 30 percent respectively.
We aren’t financial experts here at Scandalist, but we know pain when we see it. See Wall Street traders covering their mouths in horror and holding their heads in their hands in the gallery below. Fundamentally sound this economy is not.
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