Monday, March 02, 2009

And the Bottom Is?

At 10:21 AM ET

Markets »
S.&P. 500
717.84
–17.25
–2.35%

Dow
6,907.22
–155.71
–2.20%

Nasdaq
1,354.33
–23.51
–1.71%

Courtesy of NTTimes.com

6 comments:

Unknown said...

If you aren't already in the market, it's time to buy. IMHO.

If we are not at the bottom, we are close enough that any remainign drop will be have little over a long term investment.

If the market doesn't go up, the money you didn't invest will be worthless anyway, due to runaway inflation.

Ask yourself, if at DOW 13000 someone had offered to take you back in time to DOW 7000, would you have hopped in the Time Machine?

Anonymous said...

We will hit bottom when your man Obama quits talking.

Dave said...

Jay, you could be right.

Minnesotablue said...

It gets scarier every damn day!

Jenn said...

I thought I was the only one that noticed it hoovering around the 7000 mark (dow) thanks for the update on the closing bell now I don't have to go and look.

Anonymous said...

Ronald Reagan busted up the unions, and Bill Clinton created a world where American labor is forced to compete against 79-cents per hour wages in Indonesia.

Whatever your material goals were, it's time to scale them back mightily. I don't think things are going to rebound this time.