SO WHY IS THE DOW AT 10,000?
I don’t know. Businesses across the US from Wall Street of Main Street are hurting. They a laying off employees, cutting staff through attrition, squeezing every penny out of overhead and are still earning less profits than last year. Many are just breaking even and trying to ride out the recession while consumers are tight fisted and not spending their cash.
The global markets are devastated as Europe and the US sink lower into an economic slumber waiting for something, nobody knows what, to happen. Obama and company are dumb struck and haven’t a clue on what to do to stimulate the economy and the G8 members have no ideas either. Yet the Dow is going up?
You see with all the people contributing to their 401k accounts every paycheck, all this money is just appearing on Wall Street’s door step every pay period, so what do they do with all this money? They invested it in the highly over speculated Stock and Bond markets. They don’t know what else to do. They have no imagination so they are squandering your investment money on stocks that are over priced and which pay little or no dividends.
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