Friday, October 10, 2008

Stocks, DOW Have a Crazy, Crazy Day

Are you confused about the stock market? I know I am. I am no expert in macro economics which is why I haven't been posting specifically about the stock market over the past few weeks.

But if today is any indication it is OK if you are confused--so is everyone else. Within 30-minutes of the opening bell, the DOW was off 500 points. Then it was up 900 from that low, then back down 700 from that high, then up 800 again. In one day.

During the time I wrote this post and looked for a good intraday graph of the DOW, the index went from -20 to +80 back to -40.

If you are looking for an example of "economic uncertainty" look no further.

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