Thursday, March 5, 2009

The Market of the Beast; Dow slips past 6,666

Dow Jones hits 6666.04 at 11:42am on March 5th, 2009

Throughout the day the Dow Jones Industrial Average slipped above and below 6,666 landing on 6,666.66 exactly six times. General Electric stocks were trading at $6.66
The dow closed at 6594.44 (down 4.09%) after heavy trading. The markets never stood much of a chance as concerns about the health of the nation's banks, the future of General Motors and China's inability to lead the world out of the global recession slammed stocks once again. We are in a depression just I said last year. I have been watching this coming for almost ten years now. Working in real estate I have a good idea how this happened and will attempt to explain it at a later date. If you’re looking to blame someone I can tell you now a good look in the mirror may help. The worst is yet to come.