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Archive for the 'DOW' Category

Dec 01 2008

Stocks Fall Again.. What Else is New?

Published by nh2008 under Current Events, DOW, Economy Edit This

The Dow Industrial Average dropped six hundred and eighty points. Can everyone say ouch? This is a very significant drop for the Dow to experience. The Dow doped 7.7 percent today. The S &P dropped 8.9 percent today. The Nasdaq Composite Index dropped nine percent. It is safe to say that Wall Street did not have a good day today at all. One of the reason for the sharp stock declines is falling oil prices. Who would have thought that the price of oil would be falling right about now? I sure did not think that the price of oil would be declining right now. The best stock performer of the day was McDonalds, which took a 4.2 percent loss on the day. How can your best stock performer of the day be one that lost points today? I don’t know. Shoppers did shop but will we see a huge profit from those Black Friday and weekend sales? I mean people shopped but the stores were forced to discount a lot of merchandise which does take away from their overall profits. Yes, they will do more volume but they still need to make up their losses somewhere.

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Nov 24 2008

Dow Went up 400 Points Today

Published by nh2008 under Current Events, DOW, Economy Edit This

The Dow Industrial Average went up four hundred points today. This comes because of news that Citigroup will be getting a bailout by the United States Government. I am not a fan of this particular bailout. Citigroup will get all of our tax dollars and then if you have a Citibank credit card then they will increase your interest rates and finance charges as a thank you. I mean allof our tax dollars just go to failing companies. Can you imagine doing that in real life if you were an investor? When you buy a business you need to make sure that it is profitable and will give you a decent rate of return on your overall starting investment. The government is buying up stock and giving bailout assistance to companies that are not being handled properly and are going broke. How is that a good investment for our tax-dollars? It really stuns me how this occurs.If you or I went broke at our small business, the government would consider us a credit risk as would banks and would not lend us all a dime. I am always stunned by the way the government operates.

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Nov 23 2008

The Economy A year From Now

Published by nh2008 under Current Events, DOW, Economy Edit This

What can we expect from the economy a year from now? We have seen the economy failing for the last few years. In a little over a year President Elect Barack Obama will have finished his first year as president of the United States. Will we have started to dig ourselves out of this huge black hole that the government has dug for us? Hopefully, people will be able to avoid foreclosure. I have seen so many foreclosures listed in the newspaper and online. Many people have listed their pre-foreclosures on craigslist and asked for people to take on their monthly mortgage payments to avoid having a foreclosure on their credit. Hopefully, the alternative energy jobs that were discussed by President Elect Obama during the election and primary will come to fruition. The economy is so bad and many people are struggling just to survive every month. What do you think the economy will be like at the end of 2009? Will we still be in a recession or will we be on the road to financial prosperity and success?

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Nov 13 2008

The Dow went up today

Published by nh2008 under Current Events, DOW, Economy Edit This

The Dow jumped 553 points today.  This is great news since the g-20 meeting will take place soon. There is signs of consumer confidence because democrats want to bail out the failing automobile industry. If President Elect Barack Obama does invest in the failing automobile industry then stocks might continue to improve. Jobs need to come back to the United States of America. The unemployment rate is approximately 6.5% right now. This number is staggering. It is better for the economy if people are back to work because those people will stimulate the economy. The Dow fluctuates all the time but right now it is on very shaky ground. I think that when the new administration has been working for a few months that they will restore investors’ confidence. Hopefully, the Dow will go up tomorrow, we could all use good economic news.

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Nov 12 2008

Dow sinks 661 points in three days

Published by nh2008 under Current Events, DOW, Economy Edit This

The Dow Industrial Average has sunk six hundred and sixty-one points in the last three days. This is very shocking. I would have thought that with the fact that there is a new incoming president that will now be in charge of the country’s economic problems. I think that the fact that a new president has been elected can give way to an unstable economy. I mean you feel uncomfortable about investing because you do not know what to expect from the new president or his new administration. The Dow has been on shaky ground for a while. Investors are very hesitant and want to feel like their money will be safe in the stock market. I hope that the stock market gains momentum and increases. It is important for consumers to be confident so that consumer spending and investing increases. What do you all think of this news about the Dow?

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Nov 07 2008

The Dow went up almost 250 points

Published by nh2008 under Current Events, DOW, Economy Edit This

The Dow went up almost 250 points,248 points to be exact. Today President Elect Barack Obama held a press conference in Chicago, Illinois about the tough times facing the United States economy. The unemployment rate is 6.5% right now. Ford lost three billion dollars and will have to cut jobs in order to stay afloat financially. General Motors lost 4.2 billion dollars this quarter. The automobile industry has fallen on hard times. The unemployment rate is up four tenths of a point and we are in a recession. So you may ask yourself why did the Dow go up today? I think the answer is the fact that president elect Barack Obama held his economic press conference. Americans want to feel confident about the economy. Barack Obama’s take charge attitude is very imrpessive. I mean he has not even been elected a week and yet he is still taking care of business. What do you think about this news story?

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Nov 06 2008

The Dow suffers after Obama was Elected.

Published by nh2008 under DOW, Economy Edit This

The Dow continues to plunge even after Barack Obama was elected the 44th president of the United States of America. Many economists have speculated that the Dow is dipping because investors do not know what to expect economically from Barack Obama’s administration. Hopefully, after Inauguration Day the economy will start to prosper. I think that in order for the economy to revive itself, that investors need to feel confident about President Elect Barack Obama’s economic policies. Investing in infrastructure would be very beneficial to stimulating the economy. The additional jobs would help tolower the unemployment rate and put people back to work here at home in the United States. We also need to invest in science and technology to help lower energy prices, reduce fossil fuel emissions, and add new manufacturing jobs to the struggling automobile industry that is struggling to survive in spite of a 25 billion dollar bailout from the government. Hopefully, the economy will  get better we all need some economic relief.

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Oct 22 2008

Dow continues to plunge

Published by nh2008 under Current Events, DOW, Economy Edit This

The Dow plunged again today. The Dow Industrial Average lost five hundred and fourteen points.The economy just keeps suffering. Why does this keep happening even after the 700 billion dollar bailout package has been signed? The economy is collapsing because of poor decisions made by the current administration. How are we going to recover economically when it will take months to get new financial laws and packages passed through the Congress and the House? The economy usually prospers during the holiday season due to holiday shopping. However, this holiday season many people might not shop and spend as much money due to the tough economic times. What could help the economy? I don’t know what could make a big difference right now, even a stimulus package wouldn’t do that much. Hopefully, the Dow will recover soon so Main Street can survive and thrive.

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Oct 13 2008

DOW Goes Up….Finally

Published by nh2008 under Current Events, DOW, Economy Edit This

Today, the Dow closed at a 900 point increase today. This could be a sign that the bottom has fallen out and finally things will have stabilized. This is the biggest one day increase in the history of the Dow. Our country’s economy has taken a beating and hopefully since the presidential election is next month, a change in administration and ideas will be a breath of fresh air.

The Dow needs to keep increasing in order for people to feel secure about investing. It is a great time to buy stock because many stocks have taken a huge hit since this economic down turn began. Hopefully, our economy will heal soon so we can all relax and remember what is was like to have money in our savings accounts.

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Oct 10 2008

The Disastrous Dow

Published by nh2008 under Current Events, DOW Edit This

Lately, the Dow Industrial Average continues to sink further and further. This morning after the DOW opened it hit a level below 8,000.How far will the Dow sink? Will anyone even have any money in their stock portfolios at the end of this year?

We are in a deep recession. Economists do not know when the Dow will begin to recover. The US economy is hemorrhaging millions of dollars on a daily basis. Nothing is improving despite the $700 billion dollar bailout package which has not had a positive affect on our economy. We need economists to hold a summit and find out what to do and how to fix the economy. It’s the only way that our economy will survive.

 

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