Wednesday, October 08, 2008


There's your freefall. Above is a daily DJIA chart. Look at the last few days on the stock market. The DOW has fallen consecutively since the 'bail-out'. If you look at the day Congress first defeated the bailout, stocks actually RALLIED the next day!

The market will most likely turn back up. The DOW is well below 10,000, and, after correcting, will begin it's upward momentum, as always. Having no real stock market experience, this blog author doesn't claim to know when or what stocks will begin the rally, but logic dictates that it will eventually correct.

My point is simply that the 'bail-out' hasn't done any immediate good, and has, in fact, done far more bad than good. Creating debt to pay off debt only increases debt in the long run. Compound debt will increase exponentially if the principal is never decreased. That's just the way it is.

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