Comments on: Wall Street Boosted By Cabinet Pick News
Dow Jumps 500 Points On Report That Obama Plans To Name Timothy Geithner As Treasury Secretary
Add a Comment See all 83 Comments
- Remember wall street was over 14,000 a few months back.
Posted by antoniof123 at 08:50 AM : Nov 21, 2008
That was 12 months ago. And I sold off almost everything by July. I sold the last of it in August, because we had to find a lost stock certificate.
For comparison, the stock market fell from 400 to 40 between 1929 and 1932. Then it recovered quickly to 100 and rising. Then the war started...
It had been stable at 100 in 1920.
Yah, falling to half is the BEGINNING of a major drop.
Most of us are looking for it to stabilize at its natural historical trend, which is around 6,000 today.
But it could take years to finish gyrating before it reaches a steady value. - Reply to this comment
- I can''t wait until the Democrats take ABSOLUTE POWER next year.
DEMOCRATS WILL BE TO BLAME for EVERYTHING from then on.
Or will they spend the next eight years blaming Bush - and REAGAN??? LOL! - Reply to this comment
- These "Communications Majors Posing as Journalists" headlines are ridiculous. Sheesh. The market is up because they sold off yesterday to milk profit and now they''''ll buy, raise the price, then sell off again on Monday to squeeze the last drops out.
Posted by FloydZeppd at 08:34 AM : Nov 21, 2008
True, however the general trend is down it seems we have lost over 40 percent in the last few months. Remember wall street was over 14,000 a few months back. Now it is at 7,500, this is a major drop in the stock market.
Remeber don''t lose sight of what was just a few short months ago that is what happens at first we think things are O.K. then we realize that they are not and the real problems begin. - Reply to this comment
