Why does the stock market go down when a company like Lehman Brothers collapses?
(Why doesn’t the stock for just that company go down instead of the whole market average?)
Answer:
All the companies they are linked with take a hit, plus people panic. When the Federal Government decided not to bail them out like they did Freddie Mac And Fannie Mae, Lehman filed for bankruptcy protection.
Plus Sarah Palin made her first solo speech over the weekend and scared the heck out of anybody with common sense. But the networks don’t want that brought up.
Plus Sarah Palin made her first solo speech over the weekend and scared the heck out of anybody with common sense. But the networks don’t want that brought up.
It will be interesting to see how Tuesday trading goes on over seas, and how the U.S. market goes tomorrow. There will probably be a lot of bargain hunting, but chances are very good there will be another net drop on Tuesday.
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