Comments
This sucks, but I really wish people (not you, I mean the media, etc.) would stop obsessing over the dow as the main harbinger of the economy. That’s kind of how we got in this mess because people weren’t paying attention to (or weren’t being pummeled with information about) things like employment numbers, housing numbers, and all the things that over the past couple of years were completely going to shit but because stockholders and ceos were doing o.k. through creative accounting the market held somewhat steady, that’s what the media chose to focus on. But now that because all of those other things are soooooo bad at this point it’s impacting the stock market and now all of a sudden because stockholders and wealthy investors are getting hit by this it becomes a dire situation. There’s no doubt it’s important especially in light of people having money in 401ks and all that. But the dow isn’t the economy and the economy isn’t the dow and until the country starts looking at the big picture rather than one slice of it, people won’t understand or want to do what needs to be done.