WOW! What the Dow did today!

[Adam Helmer]

I have some new money to (perhaps) invest in the stock market. I got out in October 2008 when the Dow was 14,000+ and dropped thereafter to 5,800. It went up to 11,000 and at noon today I chatted with my broker. He gave me his "dog and pony show" and I said, "I will get back to you."

I came home and turned on the financial channel at 2:30 p.m. I saw the Dow in FREE FALL to -998.50! It went BELOW 10,000. Well, I am not real sure the stock market is where I want to put my money.

I was amused when the Market "Damage Control" Folks came on and said, "It was a market transaction error." I am glad I am retired and my pension checks are NOT predicated on the stock market. I am glad the TARP stuff and renewed Financial Oversight by the Gummint is DOING SO WELL! We saw that IN ACTION today!

Adam