Stocks On The Rise!

It seems that the credit market has finally thawed somewhat. Today on Wall Street the Dow industrial average rose by more than 413 points. The rise of Wall Street was mostly because of the rest of the world markets showing decent increases in their market value. And also of speculation that Federal Reserve Chairman Ben Bernanke will cut interest rates again. And also let’s not forget the bargain shoppers, there were some pretty good deals today. Anyway this is just a spark; we still need a pretty big fire to get this economy moving again. Hopefully tomorrow will show similar results by week’s end. I would really like to see the Dow back above 10,000 points.

Tags: Ben Bernanke, Dow Jones industrial average, Stocks

Wall Street Fluctuating!

The Dow Jones industrial average opened today down 250 points. And the main reason for this was that the government said new home construction dropped, which was more than anyone had expected. They also said that this is the lowest since early 1991. No kidding, no one is able to get a loan to buy a home. And on top of that, if you’re a homeowner your home is own in value. Did they really expect any good news coming out of the housing market? And on top of everything else going wrong who really has any money left to buy a home with. With Wall Street losing about $2.4 trillion in shareholder wealth. The wild rollercoaster ride the Dow Jones industrial average has given us is unbelievable. I’m hoping for a good day on Wall Street today. I will take any dollar amount in the green. At this point for Wall Street, a plus day is a good day.

Tags: Dow Jones industrial average, Wall Street