Dow Drops 500 points

The Dow has record the worst day in almost 7 years. The Dow sunk over 500 points which is the worst day since the following day of September 11, 2008. The largest drop is mainly to blame on the financial sector. Lehman Brother filed for Bankruptcy, Bank of America bought Merrill Lynch, and AIG continuing problems.

The bright side of the day is for most people is oil continue to drop which soon could lower the price at the pump. The dollar is still gaining strength against the Euro and 10yr government bond are up 2 25/32.