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Financial Armegeddon? - 10/7/2008 2:27:55 PM

UncleNasty

Posts: 1108
Joined: 3/20/2004
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For shits and giggles I took a look at the Dow Jones Industrials today.

In the previous year the high was 14,198.70 on October 11, 2007.

Today the DJI closed at 9447.11. Down 508, or a little more than 5% from yesterday.

For the previous 52 weeks down 4750, or approximately 33%

I'm fairly knowledgable about money, currency, the mortgage meltdown and banking. I really don't know much about the intricacies of the market. But I can't manage to view this in a positive light, particularly since the citizenry has been put on the hook to the tune of 700B and that was supposed to be the "Mother of all Bailouts."

Uncle Nasty

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RE: Financial Armegeddon? - 10/7/2008 10:26:49 PM

Termyn8or

Posts: 18681
Joined: 11/12/2005
Status: offline

Just a market adjustment. It'll probably stabilize at about five grand in a couple years.

Yawn.

T

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RE: Financial Armegeddon? - 10/8/2008 10:45:18 AM

pahunkboy

Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
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Well now.

I closed out my positions back in March.

I cant decide if I should get a dumpster here. Some think it is easier to haul away debris rather then to sift thru it to reuse boards, nails or what have you.

What the larger world does finance wise is not directly what I do at any given time.

oh look, the upstairs maid forgot to dust. yuck.

(in reply to Termyn8or)

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