Private Accounts
Wall Street ends bleak week with sharp drop
Economic fears drag market to its lowest level since November
Updated: 6:00 p.m. ET April 15, 2005
NEW YORK - Stocks tumbled again Friday, dragging the market to its lowest level in over five months, as disappointing earnings from high-tech bellwether IBM increased investors’ concerns about an economic slowdown and made them nervous about a slew of earnings reports due next week.
posted by Zappatero @ 4:08 PM
2 comments
2 Comments:
I can see the headline now:
Year 2007, Wallstreet.
"Social Security private accounts go belly up!"
"Just 2 years after the Bush administration forced the concept of private accounts on U.S. citizens, and 51% (same number that voted for the idiot) of the country invested their life savings into the market, the stock market crashes due to the dieing value of the U.S. Dollar and the largest deficit in history."
In other news: "Halliburton closes deal with Chinese government to assist in the U.S. relief effort."
OK, I might be making this up but it could happen?
I hope you're wrong, but........
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