Entries tagged "Williams"
The euphoric effect that the election hoopla had on Wall Street clearly has subsided, and investors are again reminded that the new guy taking over does not have a magic remedy that will instantaneously make this big economic mess disappear. The Dow Jones Industrial Average plunged 443.48 points on Thursday to close at 8,695.78, bringing the total decline to 10% in the past two days. Abysmal retail sales reports coupled with a Labor Department report Wednesday saying that the number of people continuing to draw unemployment benefits jumped to a 35-year high helped remind the Street of harsh economic realities....
