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Local News

Dow Jones Drop: Why?

By
Sam Jordan
@ October 6, 2008 9:46 PM
Permalink | Comments (0)

A local expert says investors don't think the stock market has bottomed out yet, and until they do, we may see more days like Monday, when the Dow Jones Industrial average dropped 370 points to close below 10,000 for the first time in 4 years. 


Monique Madden, Co-Host of WOKV's Smart Money program, says Monday's losses can be attributed to a crisis of confidence.  "Buyers tend to swoop in when they think they're going to get a deal, and they're just not convinced that this is the bottom of the market," said Madden.

She also says it's crazy to think what's happening here won't spread overseas.

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