For at least a week now, the top news story in the area has been a window at Mercy Hospital. People are claiming that the "Virgin" Mary has appeared to them. Well, I hope Mary, Jesus and Joseph can help you if you "own" stocks or have a variable, adjustable, sub prime, we-can-do-whatever-we-want-because-we-are-the-bank mortgage loan.
At the end of last week, America took the wrong step toward socialism. The government bailed out private enterprises, so we have at least some socialist precedents in our government now.
http://news.yahoo.com/s/ap/20081006/ap_on_bi_st_ma_re/wall_street;_ylt=AuZFIhF4ijyCzFHGHxEgDRmyBhIF
So with those 2 events, on 10/06/08 the Dow Jones is down 10,000 pts. This is the second time former National Guard officer George W. Bush has seen the Dow dip to this point in his tenure as president. Oddly, about a week or so after the Dow dipped in October of 2004, he was elected president again. The Federal Reserve's only plan is to pay off interest of commercial banks and keep loaning banks more money. Loaning more money to failing institutions is always the plan because in the end tax-payers pay for it.
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