RollerCoaster Wall Street

October 15, 2008 by  

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.

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