The Dow ended down 74.16 points at 8,990.96 even though policymakers voted to cut rates by half a percentage point to 1.0%. Meanwhile the White House press secretary put pressure on
banks that have received federal bailout funds to start making loans. Even though most analysts have guessed that the market will likely bottom in a year, a market analyst at CMC Markets told the
Financial Post that it looks like stocks were looking for a bottom right now and it could take between six and eight months to complete.
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I'd like to thank you and your colleagues for all the work you put into this publication. I'm certain that we all appreciate it.
I'd also like to add that, in my opinion, you'd be adding much value to your "Bank Watch" posts if you were to add commas, right justify the market values, and eliminate the two decimal points.
For example, instead of...
133087.60
28289.77
we'd see...
133,088
28,290
In any event, thanks for all your work.