08
Aug
11

Stock Market Close.


The Dow Jones closed down today 634.78 below the opening point.  It is now at about 10809, Below 11000.  Now there is rumors that there could be as much as 10 percent more of a decrease.  Is there any way we can stop this?  Can we get this congress of ours to come back to work to pass the necessary bill to help the economy?

President Obama has already tried to call back congress once to at least finish the problems with the FAA worker getting suspended, yet no one came back to work.  It is as if they don’t even care.  I am very disappointed in Obama, but Obama is only one man.  One person is bound to be fallible, but congress I am even more disappointed in because they are a group of people who are supposed to represent “the people” and yet instead of representing our interests, they are bickering like little children.

So, where do we go from here?  Well, the first piece of advice I would give people is to invest in either gold, silver, platinum, or Treasury bonds.  Now, most people might understand why you might want to buy into metals instead of the dollar because of the old “Gold Standard”.  You might also understand by the idea of supply and demand.  Since there is a finite amount of gold, silver, and platinum, if there is more demand for these metals, then the price will sky-rocket because there is a limited supply.  In order to not run out of gold, silver, and platinum, you need to increase the price so that not everyone can afford to pay for it.

Treasury Bonds might be a stranger thing to suggest people buy because, if the US economy is shaky right now, plus its credit rating was downgraded, why would you want to invest in something so unpredictable?  Well, it is simple.  When you buy treasury bonds, that is like owning a little piece of the government.  In other words, if the government should default, the government would be required to give those bond holders some piece of the government, i.e. property, etc.  This is a great opportunity for most people.  Not only can you buy Treasuries, but you can buy smaller bonds such as II bonds, or EE bonds.  These are much better for those with more limited income because you only need $50.00 to buy one bond, unlike the usual $500 required for something such as CD’s.

On another note, in my personal opinion, Obama should get rid of Geithner and replace him with Clinton.  Why?  Because Clinton was one of the few of our modern presidents who was very successful at not only balancing the budget, but he also left his presidency with a surplus in the GNP.  Do not forget that this was in the middle of all of those national emergencies, before FEMA, after which he created FEMA.  We need someone like Clinton to advise Obama how to turn this economy around.  That is… if Obama really does want to turn this economy around.

Advertisements

0 Responses to “Stock Market Close.”



  1. Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: