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Stock Market in Death Spiral

Tuesday, October 7th, 2008
Posted in Reflection by Joel Gross

… Ok, so maybe that’s a little bit exaggerated, but look at the graph below of the Dow Jones Industrial Average (DJIA) over the last year to see how much the stock market has been dropping.

major down jones crash

DJIA

The markets are way down and going down further each and every day.‚  Today alone, the DJIA fell over 500 points and the S&P 500 lost almost 6% of its total value.‚  In the last year, the DJIA which tracks the market as a whole, has decreased by nearly 30% of its total market value.‚  Hard days are ahead for America, and we do not have the right leadership to get out of this hole we are falling into.‚  Henry Paulson, Christopher Cox and George Bush are turning their backs on free market principles in this key time of change and upheaval and turning America into a socialist country.

The sad thing is that the last couple of generations of American politicians have built up a monstrous national debt and the day is fast coming when we will be unable to pay back that debt and our country will be bankrupt.‚  At that time, our Federal Reserve led by the criminally idiotic Henry Paulson will have to just print massive amounts of money to try to cover our bills and that will cause inflation and unemployment to skyrocket.

Welcome to the Second Great Depression, sponsored by the Federal Reserve.