Thursday, October 9, 2008
DON'T PANIC: DOW CLOSES BELOW 9000
Dow plunges below 9,000 on credit fears Dow...........8,579.19 ...-678.91 ...(-7.33%) Nasdaq .....1,645.12 .....-95.21 .....(-5.47%) S&P 500 .....909.89 ......-75.05 ......(-7.62%) DON'T WORRY, PRESIDENT OBAMA WILL FIX EVERYTHING. That's right, after he raises taxes on half of the small businesses, nobody will be laid off. Nope! Under Obama, those businesses will magikally hire more people! Sure! And when Obama forms his "civilian national security force that's just as powerful, just as strong, just as well-funded" as the US military, why, that will magikally decrease the national debt! You bet! And when President Obama makes the tax code even more complicated, and you start paying more taxes (think Stroger, think Daley, think Springfield), well Comrade, you'll thank the gods that Barack Obama has taken over. Remember, we have nothing to fear but the fear of fearing fear itself.