Pass this along to all your Independant and Republican neighbors, the market crashes under Bushes watch and as a result the PFD suffers biggest drop in history-
http://www.juneauempire.com/stories/091608/sta_333013635.shtmlThe worst day in the U.S. stock markets since Sept. 11, 2001, hammered the Alaska Permanent Fund Corp. on Monday, but left fund managers continuing to preach the value of diversification.
The venerable investment bank Lehman Bros. filed for bankruptcy, and shares the permanent fund earlier purchased for $47.35 were left trading at 21 cents each, wiping out almost all the value of stock it had purchased for several million dollars.
"I've had better days," said Mike Burns, executive director of the Alaska Permanent Fund, the state's oil revenue investment account.
Monday's stock market decline saw the Dow Jones Industrial Average lose more than 500 points, or 4.42 percent of its value.
That was not a surprise, however, coming after a weekend of financial turmoil when Lehman signaled its intent to declare
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