Holy DOW! The near 300 point surge
With all the panic and recession talk going on, the markets really dropped. Yesterday and today there were massive sell offs and then a surge this afternoon not only balanced but the DOW actually closed positive to the tune of almost 300 points. I don’t think I have ever seen a roughly 600 point swing in a single day.
I was looking at some of the articles online, believe it or not some companies are still reporting profit. With the massive sell off, I think we will see people with money try to find deals out there to help keep the ball rolling. I would like to see the market return back in the 13k area so it will take some time. Slow growth is one thing but a failed economy is another.
Today feels good though and I can only hope that it continues like this. I’m waiting on some more Q4 earnings to come out yet to see where I personally stand. At the same time I am waiting to hear what, if any, kind of bonus I might be able to get half of after the IRS takes half of it. I wonder if that tax rebate will still be on the table now. Only time will tell what happens.
Hey I read this and thought of your family. I think you’d like this article.
http://www.thesimpledollar.com/2008/01/24/im-frugal-but-my-spouse-is-not/
The economic status of a country has always been an alternate of a boom and a slum period. According to some economists the present trend of the economic situation is such that we are undergoing a credit crunch.They say that it would continue for sometime.However i agree with you at this point that time would say what would happen.