Monday, February 23, 2009

Dow Jones: How Low WILL it Go ?

Not looking good today! Will update after the market closes."People left and right are throwing in the towel," said Keith Springer, president of Capital Financial Advisory Services in an AP Report."The biggest thing I see here is the incredible pessimism,” Springer said. “The government is doing a lousy job of alleviating fears.”

UPDATE: The Dow Jones closed down 251 points for the lowest close since 1997 making it a more than ten year low.

UPDATE 2: The Poll that counts!

Rush from FRIDAY

The investors, the people who are the real poll on the state of the economy are not investing. They are betting on the market continuing to go south. . . . Folks, Obama doesn't have it . . . Biden doesn't have it. Reid doesn't have it, Pelosi doesn't have it, Barney Frank doesn't have it. There is nothing that is going to come along tomorrow and restore the value of your house, replenish your 401(k) and your kids' college fund, take the Dow back to 13 on the way to 15; it isn't there. It could be again, but not with the leadership we have now.