Friday, March 06, 2009

Dow to 6,000?



Some say 6,000 on the Dow will be the bottom, some say 4,000. Each day we go lower more pain is felt by "buy and holders". People are asking when will it turn around?

The economy lost 681,000 jobs in December and another 655,000 in January. February saw the highest job loss since late 1983, as employers cut another 651,000 jobs.

Since the recession began in November 2007, the economy has lost 4.4 million jobs. What is surprising is that more than half of the job loses have occurred in the past four months. President Barack Obama said "This recovery plan won't turn our economy around or solve every problem,,, All of this takes time and it will take patience."

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