Dow Day’s
Not long ago profits were up up and away and things were looking good, but with a snap of the fingers all that has changed as companies are reporting lower profits and the markets are running around as if they are trying to figure out what direction to go.
Dell’s net income dropped 18 percent and Gap was one point behind them at 17 percent. Also, Dell has decided to jump on the AMD chip train as they will start putting AMD’s Opteron processor chips in their computers.
The Whopper has its own IPO as Burger King raised $425 million by selling 25 million shares at 17.
In the past three days the Dow has fell more then 300 points so the record is much further away then it was a week ago. Many people talk of inflation and you can see the shivers shaking the markets in all directions.