RollerCoaster Wall Street

The Dow drops more than 700 points in one day. This is the second biggest point loss for the Dow. New data pointing a t a recession fueled the sell off on Wall Street.

This is not news to the average American, who has seen in the last 9 months, gas prices soaring, jobs going away, home prices plummeting, equity evaporating, increase in the cost of goods and stagnate wages.

The Government has all ready shot $250 billion into the banking industry this week, yet we are still seeing losses like today. It makes you wonder if much harder times are right around the corner.

Related posts:

1. Will Wall Street Will Beat Financial Reform? A few weeks ago, I talked about the banking system and that I thought it would not exist in its...
2. Home Sales at a 7-year low “The National Association of Realtors Pending Home Sales Index, based on contracts signed in November, dropped 4.0 percent to 82.3,...
3. Oh the Banks, they just can’t keep their hands out of the cookie jar I think we are all pretty sick of hearing news about the major banks in this country receiving bailouts, ripping...
4. Former Bush Advisor – 5.25% year Mortgage for ALL? Found this great blog entry by Peter Viles of the L.A. times. “It’s true, housing prices in much of America...
5. Job Outlook Looks bleaker There is so much debate about when the housing market will reach bottom, but jobs are the key indicator. We...
6. New Rules Coming for Credit Rating Agencies The Securities and Exchange Commission is proposing new rules for credit rating agencies. You might be asking, “What are credit...
7. Deflating Home prices. Is the bubble about to burst? Or is it just a minor correction? Cites to watch, Las Vegas. “33% increase...