Friday, August 5, 2011

WXYZ has local reaction to yesterday's and today's stock plunge

The financial markets think it's a Satan Sandwich, too gave the national and global perspective. Now for how it looked from metro Detroit.

First, the lowlights of yesterday's stock action.

Stock market tumble

Then, how metro Detroiters, well, mostly the well off folks in Bloomfield Hills, reacted to the loss of value in their investments, particularly their IRAs.

Main Street reacts to stock market tumble

Despite all the bad news, GM had some good news to report.

General Motors is reporting good earnings for the 2nd quarter.

That was yesterday. Now for today.

Stocks are falling again on more fears of economic weakness in the U.S. and Europe's debt crisis.

And now what this means for investors.

Money Man Bob Ingram talks about the uncertainties in the market.

Enjoy your Satan Sandwich!

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