Selling frenzy persists, Dow down 25 pct in Oct
In U.S. equities, the Dow Jones slid as much as 8 percent to break below 8,000 for the first time since April 1, 2003, and bringing its losses for the week to more than 20 percent. Morgan Stanley, the No. 2 independent investment bank, plunged 37 percent on doubts that a planned $9 billion cash infection from Japan’s Mitsubishi UFJ Financial Group Inc would be enough to enable it to ride out the current crisis.
Really, a cash “infection”?
I’ve been reading reuters regularly for several months now and almost every day I find some glaring, hardly accidental error like this, and then e-mail the correction to you. It undermines your credibility. If you need a damn editor, hire one. Hell I’ll do it.
Alex
Obviously we meant injection: GBU Editor
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2 comments so far
Who misses the Editors Notes at the top of the Reuters “Before the Bell” emails sent each morning? I do..
- Posted by IKObviously we are not all good typists and sometimes forget to spellcheck. I enjoy finding the errors. It make me glad it at least started with a human. Unfortunately the infusion of funds is not at a level to correct the immediate problem and the time will allow those who have to make a great deal of fast cash while not solveing the problem. Eventually the swing between sales and buys of the stocks will get small enough to be eaten up by the broker fee. Until then there is no reason to believe the credit situation will improve.
- Posted by mjojan