Stock Market Crashes! February 10, 2009

Well, Wall Street does not like the bank rescue/bail out plan today, 2/10/09. The Stock Market was down going into the Timothy Geithner speech but the Dow has fallen an extra 200 points after the speech. Was this speech a joke? Timothy Geithner had virtually no specifics of the bank plan.

Bank Stocks fall big:

Bank of America ( BAC ) - $5.85 Down 15%
Citigroup ( C ) - $3.55 Down 10.50%
Goldman Sachs ( GS ) - $90.65 Down 7.5%

Financial Bear 3X ( FAZ ) - $45.60 Up 15%
Gold $915 Up 22

Dow Jones - 7971 - Down 300

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