Virus on my blog and stock market (I call bottom)… random thougts

So a couple days ago my blog was infected with a virus. For the past couple days I’ve been wasting my time trying to fix this issue. I’m getting close… my hosting company is looking into this for me. I’ve worked around the clock trying to get ride of this annoyance… what a waste of time. Also, the stock market as I’m sure you know went down 678 or more than 7%. It’s dropped so much recently it has almost become like a sick joke. How does the stock market go from its high of 14,164.53 exactly a year ago to where it is now 8,579.19, or 39.4% drop? How could the market be so overvalued and companies so incompetent? I’m going out on a limb here and calling a bottom at this point. Unless the whole US economy collapses I don’t think it can go down any further. Housing is up here in Seattle and around the country singling a bottom, stocks are trading at about 15x earnings which is the historical average, interest rates are low, IBM beat expectations today, and the tax payers just injected almost a trillion dollars into the economy. Once again I’m in this for the long haul, 10 years plus, I call the bottom today.

Dow Falls 777 Points Biggest 1 Day Lose Ever

  • September 29, 2008
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  • Comments Off on Dow Falls 777 Points Biggest 1 Day Lose Ever

CashSherpa.com, my blog, is all about saving money. With the DOW falling like a stone today and possibly in the near future until the 700 billion dollar bailout package goes through. Saving money makes more sense than ever until things settle down. The Jewish holiday of Rosh Hashana is Tuesday so may be we will get another vote on the bailout package Wednesday, but no one knows for sure. Republicans blame Pelosi for making a speech that was viewed as too partisan prior to the vote. In a time like this partisanship doesn’t make sense, we need leadership not politics.

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