The Dow Jones Industrial Average closed down 513 points on Thursday – a drop of more than 4 percent and the largest drop since the 2008 financial crisis.
Despite the United States recently coming to an agreement on raising the nation's debt-ceiling, investors still seem to be worried about our high debt, as well as unemployment and overall slow growth in the economy.
So, where do you think the market goes from here? Are you personally invested in the stock market? Are you worried about your 401K or IRA?
Tell us in the comments.
Joseph Mirzoeff
7:33 pm on Friday, August 5, 2011
We can't handle the debt and benefit promises that self-serving, irresponsible politicians have created, because high taxes weren't enough. Many bankruptcies will result. We are due for a stock market bounce, maybe a strong one, but we cannot meet our obligations. Governments must shrink, jobs will be lost, promises must be revoked, debt cancelled, healthcare and education costs must be lowered. Cities are already going bankrupt; counties, states, the feds, other countries, all are in financial trouble. Corporations collectively, who own the politicians sucking us dry, should soon be cut off -- they should lose both customers and government largesse, can't be good for share prices. Maybe one day we'll even stop bombing other countries.