If you ever wondered what a quick stealth 1,000 point move in the DJIA looks like, you just have to look at the move from last week's lows. Today's economic reports came out fairly dismal again, although the deterioration in "some" areas was not quite as bad as expected. Enjoy tomorrow's tryptophan laziness after turkey on Thanksgiving.Here are today's unofficial closing bell levels.
Top Analyst Downgrades
BCE, Inc. (NYSE: BCE) announced that KPMG found that BCE might not fit within the solvency test at the December 11 closing date on a post-merger basis because of the added debt, which may throw the going-private deal led by the Ontario Teachers Pension Plan in jeopardy. Shares were down before the close.
Citigroup, Inc. (NYSE: C) shares rallied again today after it was reported last night that Mexican billionaire Carlos Slim bought a stake of over $100 million in Citigroup. Shares were up before the close.
General Motors Corp. (NYSE: GM) rose sharply on rumors and reports that it and the other automakers would outline some sort of formal plan next week. Shares were up before the close.
If you want a little bear market humor, here is a quick take on some familiar financial terms that have been redefined to fit the new economy.
Walmart's New Health Food Push: Is It Too Hard to Swallow?
Bonds Are a 'Safe' Investment: A Big Lie Gets Even Bigger

