If Bank of America fails, should the Dow Jones Industrial Average show a big impact?
Monday, January 26th, 2009From The Big Picture:
Citi (C) = $2.80
GM (GM) = $3.50
B of A (BAC) = $5.10
Alcoa (AA) = $8.35If all four of these stocks went to zero on today’s open, the DJIA would lose only 157.3 points.
These are big enough companies that it should matter when they fail. Somebody’s not doing their job.