Capital Gold Group Report: BREAKING NEWS. . . 2nd MOST HISTORIC DAY ON WALL STREET. . . DOW DROPS 505 POINTS; WORST ONE-DAY DROP SINCE 9/11/01

Bloomberg Television reported today as the 2nd most historic day on Wall Street.

In the biggest reshaping of the financial industry since the Great Depression, two of Wall Street's most storied firms, Merrill Lynch & Co. and Lehman Brothers Holdings Inc., headed toward extinction.   

Lehman Brothers filed bankruptcy this morning in Manhattan, and is the largest bankrutpcy in history, their stock now trading at $.19 a share.

Bank of America agreed to buy Merrill Lynch.

The Dow Jones Industrial Average has plunged 505 points to well below 11,000. This is the worst point loss since the September 2001 terrorist attacks in New York City.

AIG plunged 60% to its lowest since May 1988, extending its year to date collapse to 91%, and surrounded it with pessimism.

U.S. dollar falls the most against the Japanese yen since 1999.

S&P 500 suffers worst one-day slide in 6 years - 4.6%; lowest since Stepember 2001 attacks

S&P Financials suffer worse one-day drop EVER.

Wachovia plunged 23%, most since 1980.

"WE ARE IN A FINANCIAL CRISIS", SAYS JACK BOGLE, FOUNDER OF VANGUARD GROUP.

GOLD RISES $45 to $790 IN 2 SESSIONS

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