Monday, November 10, 2008

Dow continues freefall

After China dumping more good money after bad on the markets, the Dow which opened almost 500 points up is now down about 75 points. Typically after a presidential election, the stock market tends to rise regardless of whom gets elected. Not so this time. It looks like the markets don't see anything to be bullish about, even with oil down. The bar was nearly empty on Saturday night, as were the others in the area, which only one year ago would be packed on a Saturday night. In additon to my retirement money no longer there neither are the few tip dollars. Where is my bailout? Will I have to move to *gasp* Queens and move back in with my 94 year old mother?

6 comments:

CSD said...

More cash is being shoveled into the furnace which is AIG.

Taxman said...

http://money.aol.com/news/articles/_a/bbdp/taxes-add-insult-to-mutual-funds-injury/241361?icid=200100397x1212755313x1200849177

Missy said...

Cash will be worth about as much as firewood once the dollar collapses. I think we will tread water through next summer at most before this little plateau we are on comes crashing town. The problem is our problems are a furnace and throwing cashing at it is only making the fire burn more.

Glen said...

Firewood releases more energy when burned, and is worth more.

Missy said...

true .. money isnt even really paper.

C-Bug said...

And down again today.....and again, as "Archie" said, even with oil down.