It was well over a decade ago (April 1997) that the Dow closed this low: 6,763 as of the bell this afternoon. Ugh! It seems clear that the latest AIG bailout had at least something to do with it. The market is down 23% since the beginning of the year, and it’s only the beginning of March.
But consider this: It seems like every time President Obama opens his mouth the Dow plunges even lower. Is it possible that he has recognized this and his intent is to crash the market on purpose? Perhaps in order to enact even more socialist progams?
I don’t know, I’m just asking.