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"Pilgrim and Sojourner." - 1 Peter 2:11

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 Red on Wall Street


[b]Red on Wall Street[/b]

NEW YORK (CNNMoney.com) -- Stocks tumbled Wednesday afternoon as recession fears resurfaced following a weaker-than-expected retail sales report and dour comments on the economy from Ben Bernanke and another Federal Reserve official.

The credit market showed some signs of easing, as a key overnight bank lending rate fell. But the improvement was slowgoing and failed to reassure investors. Global markets were mostly lower.

The Dow Jones industrial average (INDU) fell as much as 515 points before pulling back a bit. The decline was equal to around 6.4%. The Standard & Poor's 500 (SPX) index lost 5.8% and the Nasdaq composite (COMP) lost 5.5%.

read more: www.cnn.com


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SI Moderator - Greg Gordon

 2008/10/15 16:16Profile
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"Pilgrim and Sojourner." - 1 Peter 2:11

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 Re: Red on Wall Street

now more then ever saints we need to be praying for revival, may these things rouse up to alertness of the hour.


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SI Moderator - Greg Gordon

 2008/10/15 16:16Profile
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"Pilgrim and Sojourner." - 1 Peter 2:11

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 Re:


[b]Another huge Dow loss[/b]

Blue-chip indicator drubbed 733 points - 2nd biggest point loss ever - as recession fears resurface.


--

Oh brethren let us humbles ourselves before God.


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SI Moderator - Greg Gordon

 2008/10/15 16:48Profile
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"Pilgrim and Sojourner." - 1 Peter 2:11

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[b]"Dow Jones And Revival" - Leonard Ravenhill[/b]
http://www.youtube.com/watch?v=oW3jA6QZtcA


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SI Moderator - Greg Gordon

 2008/10/15 18:56Profile
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 Re:

The clip by Leonard Ravenhill might only be seconds long, but it says so much.

Mark 10v23..."How hard it is for those who have riches to enter the kingdom of God."

Msybe, when all hope and confidence in money and riches have gone, people will have to look elsewhere for answers.

It's either that or despair.

 2008/10/16 8:58Profile





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