CHESSNOID

We have had 7 rate cuts in the last 12 months and another one is being planned.  We have had 12 bank failures, 4 government bailouts of Bear Stearns, Fannie Mae, Freddie Mac, and AIG, and another $700 billion bailout funded by tax money to buy bad mortgage debts from banks .  All the stock [...]

OK, today the markets started off positive, traded choppy, then just fell.  Here are the closing numbers for today:

Dow

9,447.11
-508.39
(-5.11%)

Nasdaq

1,754.88
-108.08
(-5.80%)

S&P 500

996.23
-60.66
(-5.74%

The S&P fell below the 1,000 mark and shattered the psychological floor.  I really thought we would have a bounce like the last time the indexes fell from the bailout not passing the first time.  So what [...]

Right now interest rates in the US are sitting a lowly 2%.  One of the reasons why prices of gas and food rose in the last year is because they made 7 rate cuts in 7 months to avoid a slowdown. They also pumped a ton of money in the system to increase liquidity.  To [...]