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Beau's Journey » Blog Archive » November 19, 2008: BRUTAL
Thursday, November 20th, 2008

November 19, 2008: BRUTAL

CRASH ’08 PART 10

DOW SHEDS ANOTHER 400+ POINTS

 

The NIK is down over 500 points before midnight our time.  The DOW was down over 400 today.  The slidddddde continues at a rapid pace.  Who would have thought the DOW would fall into the 7000s?  Not many.  The question is where doesn it stop – DOW 7500?  6500?  Lower.

  If the big 3 go under then all bets are off.  Unemployment rates are already forecast to go above 10%.  Very rough months ahead for the United States and other countries.  Many businesses will simply not be able to keep their doors open.

  Even for people who don’t own stocks it is having a major impact.  Businesses are laying off tens of thousands of people, businesses are not wanting to hire new people, sales are down across the board at most stores, cars are not being sold, real estate agents can’t sell homes.  The trickle down impact is now being felt by millions of people.

 

 

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