Monday March 2, 2009, 11:08 am
We can thank Bush for this...deregulation, corruption, no oversight, wars, lies and b.s. About 5 years ago Weiss and Weiss (economists) predicted the Dow would fall below 7000 around this time. It's to be expected for the wild, wild neocon rulership of the past 8 years. Cheers!

Monday March 2, 2009, 11:51 am
I REALLY didn't want to see this happen....

Monday March 2, 2009, 12:17 pm
I guess it is a good time to buy stock, if you can figure out what WON"t go Bankrupt!

Monday March 2, 2009, 3:40 pm
I'm going to buy Ford, & GM stock. It's about $2.50/share now, and it is one way to help our American Auto Industry. I can spend $100 on each, get lots of shares and if either falls (I don't think they will), I won't lose much. If everyone did that, we could save the American Auto Industry without taxpayer money, and have a share in the industry to boot. And Lindsey, you have it right, I didn't want to see this happen either. It's all courtesy of the Bush Crime Family. If we learn nothing else, we should learn that who we vote for is extremely important.

Monday March 2, 2009, 4:14 pm
I think we all knew that the economy was going to get worse, before it gets better. We are a resilient people. This, too, shall pass. Barbara, I'm buying Ford stock, as well.

Monday March 2, 2009, 7:46 pm
The self same thing is happening here in Australia, with job losses everywhere and companies taking their factories to China. Our opposition party, the Liberal/National coalition (equivalent to the RepubliCONs), is really going to town trying to blame it on the sitting Labor Government ... trying to whitewash the fact that it's happening world wide. greedy, greedy banks need everyone to go back to keeping their money under the mattresses!

Tuesday March 3, 2009, 2:34 pm
I think that Barbara K and Julie have the write idea. I will look into buying some Ford and GM stock as well. If you spend $100 and lose it, then it isn't that much to some of us anyway. If Ford and GM kick in, you might make back some money!

Tuesday March 3, 2009, 2:35 pm
Barbara, when you buy GM or Ford (or any other publicly traded) stock you are not buying it from GM or Ford, you are buying it from someone else who owns the stock. The money is not going to GM or Ford so it is not helping them although it might help you if it goes up (ie someone willing to pay you more for it).
Over 2/3 of American families are invested in the stock market in one way or another so this is not a good thing. The stock market is a prediction of future business conditions - not current ones. So far the market does not think the massive budget/borrowing that the government is doing now and is planning for the future is going to improve business conditions. Most business people I talk to believe we are looking at 5,000 or below.

Tuesday March 3, 2009, 8:41 pm
I'm still going to buy some Ford stock. My husband is a Financial Consultant, and he agrees. I have only 100 bucks to buy Ford stock...not a big risk..I prefer to think positively. This country WILL rebound eventually.