Looking at the DJIA chart for the past 5 years, and remembering a prediction of a stock market guru (can't recall which expert) at the beginning of the slide, the DOW will bounce around 7800 until consumer and investor confidence rebound from seeing tangible results of the fed's bail out programs that include jobs creation, loosening credit, and shoring up regulations for banks, insurance companies and the stock market to prevent future melt downs. However, if nothing the government does actually works because banks and financial institutions hold on to the dough, then the result will be lots of cracker crums left on the trading floors and the bottom will fall out of our economy. If things are not fixed by 2010, the world system as we know it will be doomed by December 21, 2012 -the end date of the Mayan calendar.
U.S. News Money takes a contemporary look at happenings in the financial world and aims to help young investors get going with their portfolios--or just sound cool at cocktail parties.
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Tony Lee of CA 3:39PM March 24, 2009