CHESSNOID

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Stock market lower lows

Posted on Nov 20, 2008 by CHESSNOID in Economy, Recession, housing market, stock market | 0 Comments


What a crazy day, week, month, and year.  The stock markets took a beating, but also fell through some major floors.

Dow

7,552.29

-444.99 (-5.56%)

S&P 500

752.44

-54.14 (-6.71%)

Nasdaq

1,316.12

-70.30 (-5.07%)

The numbers just don’t lie. The question is now will the the market bounce tomorrow or will it break another low.  We are still in November but it looks like October again.

The next question is what will Bush, Bernanke, and Paulson decide to do?  Everything they touch turns into crap.  Will they just wait for Obama to get in and do his thing or will they try to make it even worse.  We must give credit to both parties for hurting the economy.  Remember both House and Senate Republicans and Democrats voted and passed the Fraud Trillion Dollar Bailout Bill last month.  Remember the purpose was to buy worthless mortgages but they actually never did that.  So where did all the taxpayer money go? Hmmm.

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