Earlier today the US Treasury Department announced the latest government’s economic stimulus package and bailout plan. However, instead of reviving confidence in financial markets, the move caused US stock markets to fall again.
The Dow Jones industrial average (DJIA), for instance, plummeted 4.62% to close at 7,888.88. It was the biggest drop for the Dow since December 1, when the blue chips fell 680 points, or 7.7%.
The Standard & Poor’s 500 index fell 4.91% to 827.16 while the NASDAQ fell 66.83 points or 4.20% to 1,524.73.
Interestingly, this public reaction is no different from a story in a Calvin and Hobbes comic strip published several years ago. Here’s a copy of that cartoon.
