No More Jobs!

I wonder how the Dow Jones will end today. With the Dow Jones ending under 8,000 points yesterday it’s anyone’s guess how it will end today. Well, I would like to take a shoot at saying where it will end up for the day. I think it will end up around 300 points. The day will start off slow, because of the weak unemployment benefits report that just came out. More and more people are losing their jobs at a rapid rate. And as we get closer to the Holiday season we’ll have a go understanding how people will spend. That’s the problem, no one is buying things, and you really can’t blame them. Anyway, around 1PM there will be so many bargains laying around investors will start buying. And when the buying starts everything starts to go up. So if you’re going to buy stocks today make sure you buy around 11AM. This is the way I see the day going. And you know what, I could be dead wrong and the stocks could tank all day. As always, do your own research on any stock your going to buy. I will say, stay away from the automakers stocks, there all ready to go under.

Update: Looks like I was dead wrong. And it looks to be just has bad tomorrow.

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This entry was posted on Thursday, November 20th, 2008 at 10:42 am and is filed under Autos, Business, Careers, Economy, General Info, Investing. 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.