Well, my fears have finally become reality. I always thought being in the mid 9000s was alright and we can recover, but anything below 9000 and it would create some sort of extreme panic and we really be in for a ride. Today the Dow plunged 500 points and went below 9000.
Not really much to say other than is going to be one insane roller coaster ride. Our economic condition seems to be getting worse and worse by the day–we haven’t had good news in nearly a month and it seems like we always think the bottom has passed and we will be recovering soon. Obviously this isn’t the case because the exact opposite has been occuring–day by day things seem to just be getting worse and we have been hearing extremely BAD news. Is depression imminent? Quite possibly. Let’s see what happens in the days to come.
Time to buckle up, America.
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October 9th, 2008 at 5:44 pm
[...] this morning, I wrote a little post regarding the Dow dropping 500 points. After writing that article, I decided to take a little nap. When I woke up, the market was about [...]
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