The DOW plunged almost 1000 points before partially recovering.

In response, the Obama administration quickly switched its sign from "look at the stock market see how well our recovery plan is working!" back to "don't pay attention to the stock market".

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Everyone screaming that this is worse than the Depression can now rest easy. In one measure things are worse than they were in the Great Depression: the stock market. It is now falling faster than it did in back then.


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Shouldn't the President be "doing something"?


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Obama's plans to nationalize the banking industry are causing further downward pressure on stocks, which have plunged to levels not seen since 1997 ( Read more... )

When the DOW hits 14,000, will it be another sign that we need to do away with the tax-cutting Bush economy?

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Bubbles burst in China, too.

I hope no one on my flist is heavily invested in China.
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The Dow Jones Industrial Average passed the 12,000 mark today ( Read more... )

Some are desperate to downplay the DOW's recent highs. The facts are that prices are up because profits are up, despite the spin from the naysayers who would like downplay the recent highs.
This time, it has taken just six years. In that period the market has worked off the excesses of the 1990s, when companies with few assets beyond their swell ( Read more... )

Yet another reason why the Democrats have turned to scandal mongering in an attempt to regain control of Congress.

7-11 drops Citgo as gasoline supplier.

I've been paying about $2 a gallon for gas for the past three weeks or so.

Weak oil prices are helping the DJIA move closer to a record high close.

Good thing we have a President who cares about the price of oil.