Wednesday, February 28, 2007

Dow Down 416 Pts!- Why

The reason Dow went down is probably because people started selling stocks rapidly, and the Asians companies weren't doing so well in producing their goods. Asians depoend on the U.S. on buying the goods they create, specialy China. This is just like what happened before the great depression. I think if the rate of Dow keeps going down then we might have another depression, but i highly doubt that. When i first saw my stocks going down i sold some of them, But now i seen that when the stock market goes down you get a chance to buy expensive stock for cheaper, but its a big risk, because you dont know for a fact if its going to keep going down or if it is going to go up and make you money.

No comments: