Tuesday, October 07, 2008

The Market

I see the Dow fell again today, down 5% to 9447. It lost 508 points today. That's gotta hurt. I thought that the bailout was supposed to forestall the credit crunch, but we've got to give it time to work.

Or, in the alternative, the bailout did nothing to stop the slide and on top of the market re-adjusting itself we've burdened our national budget with an additional 800-something billion that we've got to pay back. Or our kids have to pay back. I wish Congress would have waited a while... deliberated, you know, like they're supposed to do?

In the meantime I've got to make some bullets for the .45-70. Life goes on.

No comments: