Editor's Note: Susan Lisovicz is CNN's primary correspondent on financial news. She is most frequently seen from the New York Stock Exchange (NYSE) reporting on the latest market and business news. Today was a day on Wall Street unlike any other. Susan shares her view from the center of it all:
Susan Lisovicz |BIO
CNN Financial Correspondent
The opening bell didn't ring today. Its the first time I can recall an electronic malfunction. A bad sign.
The Market was selling off. I asked traders, wasn't everyone clamoring for a deal? There was one on the table. They were wary because it had not passed and there was more stress in the financial market: Wachovia, and three European financial companies on the brink.
Midway through today's session, the traders gathered around the TV monitor. The last time I saw that was for some televised car chase. There simply isn't a lot of serious stuff so riveting to them. They act on headlines.
I got in the crowd to see what they were watching. It was the vote, and it wasn't going to pass.
Someone was singing the REM song “It's the End of the World as We Know It.”
The Dow was nose-diving... I reached for my sheet to double-check the so-called 'circuit breakers' – The amount of digits the market has to fall before trading is halted. The number? 1200 points. We were more than halfway there.
Washington talking heads say they will do another vote soon... Not soon for this crowd... Every day there is more blood on the Street.
To go back to that REM song, it may not be the end of the world, but I don't feel fine.
Filed under: Bailout Turmoil
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