9/29/08- Dow Down 770.59!

9/29/08- The Dow plunged 770.59 today to close at 10,372.54 while the S&P 500 lost 106.21 to close at 1,107.06. NASDAQ closed at 1,983.73 down 199.61. Oil dropped 10.52 per barrel to close at 96.37 per barrel. The Ten Year Treasury Note was up 1.94 to 103.06 pushing the yield down to 3.62%. The dollar gained against the Euro .00588 so one Euro will buy $US 1.14492. This disastrous day for the market is obviously the result of Congress failing to pass the Emergency Stabilization Act of 2008. The S&P has not declined this much since 10/27/97. That's it from Atlanta where we still don't have gas.