Friday, October 24, 2008

OPEC Prances, Market Scoffs

On Friday morning, British (-5.00%), French (-3.54%), German (-4.96%), and Japanese (-9.60%) exchanges plummeted. On Friday afternoon, the Dow Jones Industrial Average plunged 312.30 points.

Amidst this, OPEC reduced production. Unfortunately, oil plunged $3.96. In an international economic crisis, expectations are irrelevant.

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