Stock Market Rallies In The Afternoon To Post a 300 Point Gain
January 23, 2008 by Erik Folgate
Filed under Stocks
I wrote the article below in the midst of watching the market drop 300 points in the morning, then from about 12pm to 3pm, it rallied to post a gain of 300. I told you not to panic! So, is this enough proof to show you that you shouldn’t drink the doom and gloom Kool-Aid that the media wants you to believe? Check out the closing marks for the Dow.
For those of you that lived during the days of Jimmy Carter, you shouldn’t be worried right now. You saw the highest mortgage interest rates in history, high unemployment, and horrible stock market returns. I just don’t see the big signs that say we’re heading for two years of economic decline.
I am thinking this is just short term, I hate to be all gloom and doom, but I do feel it will be a rough year.
Yeah, it’s going to be a bear market this year, no doubt about it. But don’t believe the papers, because they’ll get you thinking that the market and economy are going to tank.
I agree with you Jacquelyn, it seam to be a rough year, but a rough year bring new business oportunities to.