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To: Michael Eden
When he took office on January 20, the Dow was at 9625, and it closed today at 6546, down 32 percent in the last 50 days.

Imagine that: virtually a full third of our economy is just gone now. Well over two trillion dollars in American wealth has now gone to money heaven.

Since when is the stock market the sum total of America's economy?!?

5 posted on 03/10/2009 4:54:51 PM PDT by gogogodzilla (Live free or die!)
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To: gogogodzilla
Since when is the stock market the sum total of America's economy?!?

Who said it was?

But it is probably the best measurment we've got - and the "two trillion dollars in wealth gone to money heaven" line you cite came from a financial expert on CNBC.

7 posted on 03/10/2009 4:59:39 PM PDT by Michael Eden
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