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January 22, 2008

Feeling Pleased...

...that the Dow is only down 98 points at this particular moment in time.  Blaring headlines keep claiming gloom and doom - "Stocks Plummet Around the World" "Fed Rate Cut Doesn't Help." But if the rate hadn't been cut, it would have been so much worse.

There's still a lot of time left before the closing bell and things could change, but if it stays like this, we will be in good shape to begin a potential recovery. 

The fact that the world markets have been so affected by the American market seems to me could be a good thing.  First, it scares the begeesus out of everyone and lights a fire under the rear ends of those who have the power or opportunity to help fix it.  It also shows that the world is much more dependent upon the US than they think.  Moral of the story: A strong US is good for everyone, and a little financial crisis could serve as a good reminder. 

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