Market Rises… kinda.
So today the market rallied nearly 1000 points. The Dow Jones Industrial Average closed today 936 points higher. This rise was not only in just the American stock market but all over the world. Other countries have been urged to do the same. However, this still falls into my idea of throwing money at problems doesn’t fix anything. This is still a temporary solution to a much deeper problem. One that dwells in corporate development and investment.
Taken from the newyorktimes.com
“Only four times in its history has the Dow risen more percentage points in a day. Those gains came in 1929, 1931, 1932, and 1933.”
Seems rather concerning to me. These dates all lead up to the Great Depression and a massive market crash.
Also taken from newyorktimes.com
“The Treasury Department followed suit on Monday after Wall Street closed, unveiling similar plans to take stakes in troubled companies and provide blanket insurance for deposits.”
I don’t know about you, but I want to see the results of the first attempt before I reveal plans to do this again. Honestly, America needs to take it slower. We don’t need to rush in and throw money at a problem that we don’t understand. Breathe.
