TODAY’S WOW JONES AVERAGE

Is it just me, or does the fact that the dow jones average jumped almost 1,100 points today – the largest one-day gain in its history –  make some of the folks telling us we are in the midst of a massive crash look a tad premature?

I have no idea what the future will bring.  Maybe the market will drop back by that much and more….and maybe it will continue on its newly re-discovered upward path.

But that’s precisely the point, isn’t it?  Except for the people who manipulate the market (and don’t doubt for a moment that they exist), NO ONE knows for sure.

Or, in the immortal words of Scarlett O’Hedgefund, “Tomorrow is another Dow”.

 

 

1 Comment

  • Since Oct. 3 when the Fed announced its plans to keep raising rates the DOW dropped more than it did from the 9-11 attacks. I’m glad it is going back up but the turmoil we have faced economically since Oct. has been engineered by the powers that be. If you look at the Fed rate chart going back to Clinton you can plainly see how the Fed under different Chiefs have raised rates when it is an R in office and lowered them for the D’s. It is very frustrating to watch this all happen and to know the majority of people in this country not only don’t know but they don’t care either.

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