Bad Day On Wall Street!

As most of you know already the Dow Jones industrial average lost 777 points today. I really have no words for what had happened today. Not only was it a bad day today, it was the biggest single-day fall ever, beating out the 684 points it lost on the first day of trading after the Sept. 11, 2001. Most of the lost today was because of fair. Investors fair that with the uncertainty in the credit markets that the credit is going to dry up. And that is what is about to happen. And when that happens, businesses will not be able to get through day-to-day operations and will go out of business. Here’s what will happen, if our government doesn’t get their heads out of there you know what we will go into a recession. Or the government can do something and at lease we will have a fighting chance. The way I look at it is, pass the bill now, where going to pay for it either way. At lease we’ll have a chance. If they don’t pass the bill we will all end up paying for it with a recession.

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This entry was posted on Monday, September 29th, 2008 at 9:07 pm and is filed under Business, Careers, Economy, General Info, Investing, Politics, Stocks. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.