It would seem Wall Street did not have a high opinion of the President’s inaugration speech today:
The first “first” of the Obama administration-the first time the Dow has been below 8000 since, 2004?
Guess that line about the “greed of a few” did not strike a chord, eh?
Skippy,
In fairness to the O, the stock market dipped just below 8,000 a couple months back, but the angst in the stock market might have to do with the fact that the TARP was a bad idea, and the stimulus will only parlay the pain.
Actually I think its cause my automatic investments went out today. That is a sure guarantee the market will drop. Every month like clockwork-the money goes out , and the Dow drops.