in october of 2008. dow lost 777 points in september of 2008. we re not there yet. richard quest, what is your read on this? what you have let s put aside the actually market movement this morning and last week and actually look at the fundamentals and what you re dealing with. you re dealing with the u.s. economy that s growing moderately by the fed s definition and neseems to be ok for the time being. you re dealing with the eurozone with qe being pushed in the market. there s a huge amount of stimulus going in from the ecb. you have emerging markets where currencies are under pressure because of commodity prices, and you ve got many countries like nigheria nigeria, venezuela, russia, that are going to have certain difficulties as a result of the fall of oil. that s the macro global scenario within which you are taking this market fall, and for some reason best known to itself, it chose a
down 770 points. it wasn t that much. it was a very from all levels. when we talk about percentage wise the markets down 3%. the last time it was down 6%, double where we are now, is september of 2008. i believe we have cristina at the new york stock exchange. what is the sentiment on the floor? there s a sense of nervousness. we see it play through into the volatility of what the numbers show now. you re seeing more volatility. we haven t had this kind of volatility in a long time, and part of that is what richard and allison were referring to is the electronic trading. once, you know, people enter into the equation then we have to look and pay attention to what is going to happen over the next several hours. that s going to be really crucial. investors had to digest what happened overnight with the global markets melting down, you
i will warn you on this subject i m having a feeling. fair warning. here it goes. in september of 2008 the city of los angeles had its worst train accident ever, it was in l.a., this was some of the nbc news national coverage at the time of that accident. watch. the metro link commuter train may have been carrying as many as 350 passengers and it left los angeles less than an hour earlier, when it slammed into a freight train in chatsworth. this passenger was all the way in the back of the last car. people were flying i was flying. thank god i did not have a table in front of me i flew into my friend s lap. those in the first car were not as fortunate. you can actually see the
i will warn you on this subject i m having a feeling. fair warning. here it goes. in september of 2008, the city of los angeles had its worst train accident ever, it was in l.a., this was some of the nbc news national coverage at the time of that accident. watch. the metro link commuter train may have been carrying as many as 350 passengers and it left los angeles less than an hour earlier, when it slammed into a freight train in chatsworth. this passenger was all the way in the back of the last car. people were flying, i was flying. thank god i did not have a table in front of me, i flew into my friend s lap. those in the first car were not as fortunate. as the car derailed and the
i will warn you on this subject i m having a feeling. fair warning. here it goes. in september of 2008, the city of los angeles had its worst train accident ever, it was in l.a., this was some of the nbc news national coverage at the time of that accident. watch. the metro link commuter train may have been carrying as many as 350 passengers and it left los angeles less than an hour earlier, when it slammed into a freight train in chatsworth. this passenger was all the way in the back of the last car. people were flying, i was flying.