Wall Street

Have you been watching the news?  I do not remember the stock market being so high.  They say it has been, but I do not remember it.  Anyway, being over 14,000 is really something to me.  I am sure a great many retirement plans have really recovered from the big losses they had.  I was just listening to the news last night and they said it was the way to go and not buy gold.  Gold has been losing value and people have lost a great deal of money investing in gold and silver.  I thought I heard him say one billionaire wasn't a billionaire anymore due to all his purchases of silver.  Something to think about.

Wall Street Stocks Manage Gains

Have you noticed that every day there is a big worry about people losing their homes? I guess everyone else is too because Wall Street managed a moderate gain in an erratic session Wednesday as investors sorted through a downbeat Federal reserve assessment of the economy. Investors remain nervous about how the fallout from the global credit crisis will hurt financial companies. Recent speculation that Citi-group Inc. might log significant write-downs from exposure to subprime mortgage related securities only increased those fears. We are fortunate in this area that housing sales are going fairly well, much building of new homes is going on and people have good jobs and as far as I know, no one is in danger of losing their home in this area. We are thankful for that.

Dow Jones

The Dow Jones index posted the worst fourth quarter since l987. Wall Street ended a painful year with another steep loss as investors glumly anticipated that 2008 would bring more of the uncertainty and turbulence of 2007. The Dow Jones industrials fell 101 points. The index posted its worst fourth quarter drop in 20 years, amid billion dollar losses at the world's biggest financial companies and falling spending by consumers whose budgets have been crimped by record high oil prices and declining home prices. Hopefully 2008 will be better.