500 in One Day
February 27th, 2007 by
Senior Editor: Jeff
The Dow Jones IA fell 500 points today. I hope someone out there bought some puts. If this continues, you can be sure I’ll be buying a few. A major blip? Or sudden jolt to get us going into that recession Greenspan warned us of?
Just a little fact:Â P&G was down $3.19 a share today (4.95%), times 3.16 billion shares, and that’s $10,080,400,000 ($10,08 billion) lost today by P&G shareholders. (Disney is down $4.12 billion.)Â It’s a dangerous game.
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