Many US citizens have concerns about their retirement accounts, the housing market has declined, and Americans are losing billions of dollars a day. I will tell you when this will end.
Here are the facts:
- 1 in 6 owe more than their home is worth.
- Oil prices are tumbling down.
- Problems are not just in the US, but worldwide.
- We are giving 700 BILLION dollars to bail-out wall street! Do not rush this, make sure every situation goes well so the market does not explode again!
Important stocks to watch and hope they bounce back up. General Electric, Citigroup, Bank of America, General Motors and Morgan Stanley.
History can be important. In past years when the stock market went down to 8,000 points, it stopped dropping. Many investors believe the stock market will go right back up after it hits its low around 8,000 points. If you remember in the last year, the Dow Jones Industrial Average was 14,280.00 and that was a stock market high.
Keep your eye on a few stocks that are usually strong but are now only hanging in there. General Electric (GE) is around 20 dollars a share. After the stock market hits the low of 8,000. Buy, Buy, Buy! The government will fix this problem in a few days and everything will go back up! So make sure you know what to buy and don't buy stocks just because they are cheap. Smart investments make smart investors.
Image source: msn.com
