FinancialBounce.com

Dow Down 514 Points October 22, 2008

What’s going on with the current economy? There was an article posted earlier about the Dow going down, down, and down… and today? Down again! Today while having lunch we were discussing the stock market and what stocks might be good to invest in and I had a friend (who is a stock broker) joke that “it just won’t be right if the Dow is up… c’mon it’s routine now”.

That’s pretty comforting, isn’t it?

The only stock that I was watching today was Google and Yahoo!. Google was down about 2% (-7.08) and Yahoo! was up 2.65% (+0.32). I was considering putting in a little both money into both companys, but I figured I would just relax a bit with the stock market. My portfolio took a beating last month and is slowly recovering, but I’m hoping that what I’ve thrown my money in was a good gamble. Waiting is part of my strategy at the moment.

A lot of other investments I’m currently checking out are bonds. I was doing a bit of research on bonds information today, and I just figured that it seems like bonds might actually be a decent investment at the moment. I’m still exploring options, but something I’m seriously going to consider.

“In finance, a bond is a debt security, in which the authorized issuer owes the holders a debt and is obliged to repay the principal and interest (the coupon) at a later date, termed maturity.”

Well, that’s tonights post. Hopefully our economy sees the light out of this disgusting tunnel we’re currently in starting tomorrow. My wallet isn’t liking this very much.