October 10th, 2008 - A Day to Remember
October 10th will go down as one of the most frantic days I’ve ever experienced. When the market opened and went straight down 698 points (Dow) in the first 8 minutes and then rallied back to positive by 10:08AM, you could hear the cheering roars of the NYSE trading floor on CNBC. That gave me goose bumps.
Then you had Bush come on TV to calm the nation; however as soon as he started speaking, the Dow plummeted again near the lows of the morning by 1:50PM. Near the end of the day there was another huge rally around 2:56-3:36PM to even higher highs up 322 points (1019 points from the low) for the day and then a selloff the rest of the day to close down 128 points.
