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What if the DOW Crashed… And Nobody Cared?

04 Aug

The DOW hasn’t been connected to any real economy in quite a while. Ergo, DOW up or DOW down, doesn’t have any impact on unemployment, jobs, or any of the day to day livelihood of the American people.

Perhaps it’s time to just let it go… poof.

Then perhaps whatever rises from the ashes will reconnect with the real economy.

Dow Plunges 280+ Points
US stocks plunged today—with the Dow Jones at times down more than 280 points—ahead of tomorrow’s monthly jobs report, after the government announced only limited improvement. Unemployment benefits claims fell by just 1,000 last week,MarketWatch reports. The Standard & Poor’s 500 index plunged 2.6%, bringing it 10%—the level considered to signal a market correction, notes the AP—below its April 29 high of 1,363.

The Dow has now dropped more than 1,000 points since July 21.”You’ve got a weak economy, the aversion of a debt crisis but not a solution, and you’ve got the rest of the globe starting to implode in a lot of areas, especially Europe,” one expert tells the Wall Street Journal. “It’s natural that people would react with fear.”

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3 Comments

Posted by on August 4, 2011 in News

 

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3 responses to “What if the DOW Crashed… And Nobody Cared?

  1. nanakwame

    August 5, 2011 at 8:04 AM

    Right now the Stock Market does not reflect the health of the USA economy, we need to grow up as a nation

    http://www.theglobalist.com/storyid.aspx?StoryId=9263
    Structurally, America grew up when it adopted the Constitution. The society repaired itself and made itself whole. But mentally, it never fully grew up. Like angry teenagers, we remain always in half-hysteria, jeopardizing the sobriety that we have in our institutions. We cannot afford to remain half-mature for the rest of history. We are too big for that.
    Default and the Sectarian Temptation: America’s Achilles’ Heel
    By Ira Straus | Thursday, August 04, 2011

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  2. brotherbrown

    August 5, 2011 at 6:20 PM

    The silent drivers (and blood-sucking leaches) of the US economy are the judiciary and banking (both commercial and investment) industry. The practitioners in both fields take, take, take from what should be private business transactions between two or more parties, extracting exorbitant fees while adding no value, indeed subtracting value to aggrandize themselves. Yet they are viewed as indispensable, and our presidents (not just Obama) have no ability to

    I think we have hit the wall. I will from this day forward strongly discourage my children from becoming parents, as much as I would someday like to be a grandpa. At 51, my future is not all that clear, and I dread what children born now will face.

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  3. brotherbrown

    August 5, 2011 at 6:21 PM

    …have no ability to curb their leaching ways.

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