Monday, June 30, 2008

Some fun "worsts" (well, "fun" may not be the right word)

CORRECT: U.S. stocks plunge; worst June for Dow since 1930
Thursday June 26, 6:57 pm ET
By Kate Gibson

Stocks end difficult first half with quiet session
By TIM PARADIS and JOE BEL BRUNO, AP Business Writers
Mon Jun 30, 2008
NEW YORK - ... This was the worst first half for the Dow Jones industrials since 1970, when the country fell into recession. The more diverse Standard & Poor's 500 and Nasdaq composite indexes had their worst first half since 2002, when Wall Street was still suffering through the aftermath of the dot-com bust, the Sept. 11, 2001, terror attacks and a recession.
Light, sweet crude, which began the year at $96 a barrel, fell 21 cents Monday to settle at $140.00 on the New York Mercantile Exchange while retail gasoline set a new national average of $4.086 a gallon, according to a survey of stations by AAA, the Oil Price Information Service and Wright Express.

Note: Oil declined to $140/bbl!!!

Detroit car sales set to be ‘worst since 1990s’
By John Reed in London
Published: June 30 2008

I have to live in this economy with everyone else, and do own stock. I'm not all that tickled with this news!... BUT: it may be time to dust off Carville's, "It's the economy, stupid!"... as a nice bit of icing on an already rich cake.

[A new contest: "How can/will the Dems shoot themselves?"]

Have a nice day.

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