The Week Ending 9/30/2011

The Dow Jones industrial average dropped 240.60 points today, to 10,913.38 on unsettled fears about a possible default by Greece and recession angst globally.

The Dow, S&P 500 and Nasdaq each lost more than 12 percent this quarter.

THIS WEEK’S SURPRISES TO THE HERNANDIESEL:

Bank of America is said to start charging $5 monthly for debit cards to account holders.

Kodak is rumored to have considered bankruptcy, although later denied.

Amazon launched the Kindle Fire, a new reader, at a strong price point. The Fire could become Apple’s IPads strongest competition although it is still not considered a tablet computer. The stock market seemed to like the news of the launch as there was a shortlived morning rally on the news of the spec of the Kindle Fire.