From Pine View Farm

Bushonomics: DOWn 1

Not that the DOW is the end all and be all–after all, it’s fewer than 50 stocks–but, well (emphasis added) . . .

The latest loss also means the Dow is down 40.3 percent since reaching a record high close of 14,164.53 a year ago, on Oct. 9, 2007. The S&P 500, which reached its high of 1,565.15 the same day, is down 42.5 percent.


1 comment

  1. Opie

    October 11, 2008 at 4:54 pm

    The Democratic Party bosses know perfectly well that many individual investors do things exactly backwards: when stock prices are soaring, they see people making money so they buy, then when prices drop, they get discouraged and sell. If the Democratic Party really cares about people, (humor me for a moment,) why haven’t they been reminding people that stocks may never be this affordable again? Could it be that their failure to do this stems from the same dynamic that has also stopped them from starting their own health insurance program – namely, that they don’t want to help people until they can do it in a way that consolidates their own power?