The “financial experts said that if we had let this go on it would have taken the DOW down to 8300. Well 8300 is probably better than we deserve.
Look at the Google Finance Graph of the Dow all the way back, max it out to ‘71. You will see that an orderly slant increasing from 85 to 94 would take US to around 8000.
If we were to drop to 8, it would just still leave us better off than after the 9/11 attack downturn.
The failed policies need to FAIL and DIE...not encouraged with Trillions of dollars of our money. They are just trying to scare US into giving in.
It is not just about the stock market, it is about millions of jobs. During the Great Depression, the unemployment rate hit 25% and remained high 15% up to 1940. WWII is what got us out of the Depression. And we didn’t have a social welfare system and an aging population. About 35 million Americans are over 65 and that number will double by 2030.
That’s what I don’t understand..The markets are still between 10,000 and 11,000...was is the big emergency?