Comments on: Dow Jones Index Drops to 6800 For The First Time In 12 Years http://www.moneycrashers.com/dow-jones-index-drops-to-6800-for-the-first-time-in-12-years/ Personal Finance Blog, Your Guide to Financial Fitness Thu, 09 Feb 2012 20:13:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Eugene Krabshttp://www.moneycrashers.com/dow-jones-index-drops-to-6800-for-the-first-time-in-12-years/#comment-6507 Eugene Krabs Wed, 18 Mar 2009 13:03:30 +0000 http://www.moneycrashers.com/?p=751#comment-6507 I know I am writing in retrospect, but it would appear that nationalization was one of the hot button concerns that caused the large slide. It took but one comment from Vikram Pandit of Citigroup being profitable for the market to surge back up. I mean, it doesn't help that there was a parade of other economic good news to support the market. Personally, I bought in during the slide, and made a small profit out of it.... But I have to wonder if this is "sustainable". I am hearing some talking heads saying it is, but I have my doubts in that the fundamental issues that besetting our economy will not be so easy to resolve as Pandit simply saying they've been profitable. We'll see I guess. I know I am writing in retrospect, but it would appear that nationalization was one of the hot button concerns that caused the large slide. It took but one comment from Vikram Pandit of Citigroup being profitable for the market to surge back up. I mean, it doesn’t help that there was a parade of other economic good news to support the market.

Personally, I bought in during the slide, and made a small profit out of it…. But I have to wonder if this is “sustainable”. I am hearing some talking heads saying it is, but I have my doubts in that the fundamental issues that besetting our economy will not be so easy to resolve as Pandit simply saying they’ve been profitable.

We’ll see I guess.

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