The Dow dropped 634 points or 5.55 percent of it's value today. It was the biggest drop since December 2008.
Do you think this doesn't affect you? That it is only the Wall Street fat cats that are being hurt? If you have a 401K at work, think again. Chances are, your 401K has lots of stock market investments going on.
There are many factors that contribute to the rise and fall of the stock market. In this particular case it can all be blamed on the complete mismanagement of our economy by obama and congress. The downgrading of our credit rating is 100% the fault of this administration and those in congress without the guts to do the right thing for this Country.
We are in some real trouble here people. Buckle up, it's going to be a bumpy ride. I would suggest stocking up on ramen noodles, rice, beans and ammo. I think we are going to be needing all of them soon, very soon...
