You guys really kill me... Even after the Dow drop today blue-chips are still up 9% on the year. There have been three other drops this year worse than todays and all of you freak-out every time--THE SKY IS FALLING, THE SKY IS FALLING... Yet the Dow has hit dozens of big-jump new highs this year and yet you all remain silent during those. In spite of some negative elements in our economy, it is still the strongest economy in the world and in the history of the U.S. Get a grip Chicken Littles, get a grip!
Keep telling you, the DOW is an indicator of 30 INTERNATIONAL Corporations, NOT the US Economy.
You have to look at things like:
Dollar at lowest in HISTORY
US Trade Deficit at Record levels
US Housing Market at record foreclosures 10 quarters in a row.
Financial Companies recording worse loses in 30 years
20 Million Jobs offshored in the past decade [bls]
Auto industry at record lows, closing record number of plants
Inflation at highest level in 20 years
Gasoline Double 2001 price
That is not chicken little. That is looking at facts without the rose colored glasses provided free by analysts who want you to buy and sell stocks because they make money on the churn, whether you win or lose.
And this thread was started when the market was gaining, not losing. None of the threads have anything to do with the stock market numbers.
Looking at the Dow to determine health of the Economy is like looking at your pulse to see if you are healthy. It only show that you have a pulse, not your health.