Invest Young!

Dow Down!

Well it seems as the times are harder than most had thought. Today the Dow was at it’s lowest is almost 6 years. And the U.S. markets aren’t the only ones at there lowest. The Hang Seng in China is at it’s lowest in like 26 years. I really can’t see things getting any worst, but I said before the Dow dropped under 10,000 points. When that happened I just put my hands on my head and said, “here we go.” And the S&P 500 is at one of it’s lowest points ever as well. You would think with the stock at their lowest points people would buy, but that’s not happening. People are running from stocks and just about every investment out there. It almost looks like people are taking their money and sleeping with it. This global recession is the worst that anyone as ever seen? And it doesn’t look like things are going to turn around anytime soon. I’m at the point where the volatility in the stocks doesn’t even fad me anymore. I’m like most Americans out there that have lost a fair amount of money in the stocks. I keep hoping things will get better, and they will. We just need to come together and face what’s happen head on. And only then we will be able to fix the problem.

Global Recession!

President Bush stated that now is not the time for nations to abandon open market policies. Is he kidding me, the U.S. government is buying bank stocks. Is that free open market when the government starts buying stock to take controls of banks? The thing I don’t understand is why isn’t the world considered in a global recession, because we are. If you go to the store today, like I did, I was shocked by some of the prices on food. Things have gone up a ton just over the last few days. I think President Bush and the rest of the world leaders need to get their heads out of their you know what. They think they have all these great ideas on how they’re going to fix things. My question to everyone is, why are we letting the same people that got us in this fix try to fix it? Over the next few months the only thing we’re going to be able to afford is gas for our cars. Now there’s something I thought I would never say, but it’s true. Just the other day past Federal Reserve Chairman Alan Greenspan told Congress that he was in a “state of shocked disbelief.” He’s one of the main reasons behind this problem too. He just got out at the right time. I really have nothing else to say about this. We’re all in the same boat and we all need to work together to get to shore, before we sank.

Bailout For The Public!

Here’s a dose of some good news for everyone. I was just reading that President Bush has finally agreed to possibly doing another stimulus package, for us, the people. In the past President Bush had stated he would veto any stimulus packages. Now it seems that he has finally changed his tune. The main reason behind him changing his mind was because of what Federal Reserve Chairman Ben Bernanke said. Federal Reserve Chairman Ben Bernanke had said that the economy needs a stimulus package for the people. Without it the slump that were in will continue to drag on for a long time. I was reading that both parties, the Democrats and the Republicans want a stimulus package, but they’re having a hard time agreeing on what should be in it. The Democrats want to give millions of dollars to cities and towns to build up their infrastructure. By giving these towns and cities this money it would create jobs in those areas, good paying jobs. The Republicans want to give tax breaks to small businesses and corporations and turn higher and roll their employee base. I personally like the way that the Democrats want to take this stimulus package, this would guarantee jobs. Anyway, hopefully they get this package passed soon, because we need it.

Enormous Plan!

This coming week will be the true test of the rescue bill. Now that the easy part is over, getting the bill passed, it’s time for the hard part. The hard part will be how the money will go out to help these troubled companies. And the next question will be, will these companies seek the help, because of the rules they will have to follow. With all the fat cats on Wall Street finally on Leptovox, how will they feel about a huge pay cut? I really hope that Treasury Secretary Henry Paulson has this all figured out. This Nation has put a lot on his shoulders already, and there will be more over the next few months. During the voting on Friday, Wall Street wasn’t feeling good and the Dow dropped. So next week will be the real test for Wall Street, and I’m really hope and looking for a great out come. Lets all keep our fingers crossed and hope for the best.