NEW YORK, Sept 29 (Reuters) - The Dow industrials plunged on Monday in their biggest decline ever after U.S. lawmakers unexpectedly rejected a $700 billion financial bailout, spooking investors who fear for the future of global markets and the U.S. economy.
The Dow lost 778 points, its largest point decline in history, and posted its biggest daily percentage slide since the 1987 stock market crash.
Prayer #37: Dow, Dow, Down
It's a great day to be a moth. Because within a few hours, there will be many more empty wallets and pockets to populate.
Lord, I know you don't deal with fiscal policy. Day trading and stock markets aren't your thing. You couldn't care less about a person's FICA score. But these financial entities are mighty important to us penny-pinching mortals, and we'll need your mighty assistance as the deflating economy pushes our tight fists tighter.
Grant us the cents to make ends meet, and the sense to be frugal. Endow in us a generous spirit to help those who suffer the most -- people losing homes, jobs, health insurance, hope. Guide our spirits toward optimism, and direct our sight to a more stable future when our free market rights itself.
Above all, help us maintain the invaluable assets that never show up in a 401(k) -- perseverance, creativity, work ethic, good humor, and even better stick-to-it-iveness.
Recession = billions lost. But your grace ... priceless.