Today the Stock market really tanked.  It lost almost 700 pts in ONE DAY.  Today it was also announced that for the past year the US has been in a recession.  Yes the two are connected.  And, it's not like this is a big shock to anyone.  I think any joe off the street could have told you that yeah the economy kinda sucks.  It isn't horrible......yet...but it can easily become horrible.  The problem is that this issue is not just going to stop because Obama promised us unicorns and free gas.  No, this is going to get alot worse.  If the market doesn't rebound tomorrow (and I doubt it will) I think that the Dow could easily go into the 7000's again and pretty much stay there for a while.  Right now it's at 8150 (estimated).

Posted by: Robert Woolwine at 02:25 PM | No Comments | Add Comment
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