InvestYoung

Wall Street On The Move!

What a day today turned out to be. With the Dow Jones industrials moving in the upward by 485 points. Not only did the Dow go up our U.S. Greenback made a big come back. And on top of all that, the price of oil came down. But I’m afraid that there’s a chance that all this can be wiped out tomorrow. And I say this because of the boneheads in the U.S. House of Rep. These people are only voting the rescue plan down because they want to keep their jobs. They think voters back home are going to vote them out if they vote for the rescue plan. I would like to know how they feel know. They have taken part in wiping out a lot of Americans 401k plans. And they need to remember their voters too. Good luck to everyone who votes no on the plan again.

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.

Presidential Candidate!

Did you all hear what presidential candidate Sarah Palin said? During an interview with CBS evening news anchor Katie Couric she said “that the United States could be headed for another Great Depression if Congress doesn’t act on the financial crisis.” And I couldn’t agree more with that statement. But with someone with no really experience in this area shy should just remain quiet for now. Maybe she might want to go shopping for some new shoes at MBT shoes for now. She also lacks the experience in foreign policy. She may make a great Governor, but I really don’t know how she will do as a top leader.