Dow continues to drop, now at 1997 levels

(Fox Business and Bloomberg)

Wall Street Update

(Fox Business and Bloomberg)

Roller-coaster ride on Wall Street today

(Graphs are courtesy of Fox Business and Bloomberg)

After six days of losses, a good day on Wall Street

(Courtesy of Fox Business and Bloomberg)

Free fall on Wall Street

The Dow Jones Industrial Average has a response to President Obama's economic policies. It doesn't like it.

Graphs and statistics are courtesy of Fox Business and Bloomberg.

Another bad day on Wall Street

The week is finally over. At least the weekend is here. We can all relax until Monday. My prediction is that the Dow Jones Industrial Average will be below 7,000 by Friday.

(Dow picture is courtesy of Bloomberg)

Dow continues to fall

The Dow Jones Industrial Average continues to be in a free-fall. The Dow has lost 40 percent of its value since last year's high above 14,000 points. General Motors and Ford Motor Company are on watch. GM should be fine, but Ford may be facing a bankruptcy. Hopefully, both companies get through this.

The Dow graph is courtesy of Bloomberg.

Dow tanks after House votes in favor of "Socialist" Bailout Bill

The Dow Jones Industrial Average opened today at 10,483.96 and got as high as 10,796.26 just before the U.S. House of Representatives passed the Bailout bill. From then on to President Bush signing the bill to the end of the trading day it fell and fell and kept falling. It closed at 10.325.38 after falling to 10,310.25 near the closing bell. The Dow Jones only fell -157.47 points on the day but from its high of the day it fell 470 points.

This says how much Wall Street approves of this bill. Yesterday, the Senate approved the bill and Barack Obama, Joe Biden and John McCain approved of the bill. No surprise with Obama and Biden because of their socialist views. Then today the House voted for it 263-171.

What is in this 451-page bill? How much pork is in it?

In other news, Wachovia was taken over by Wells-Fargo. And, National City Bank almost was added to the FDIC failed bank list.

What a happy day this was! Congress and the president just put a band-aid on what is actually internal bleeding.

Here is how the Indiana congressmen voted today:
In favor of bill: Andre Carson (D), Joe Donnelly (D), Brad Ellsworth (D) and Mark Souder (R)
Against the bill: Baron Hill (D), Pete Visclosky (D), Dan Burton (R), Steve Buyer (R) and Mike Pence (R)

In my opinion, Carson, Donnelly, Ellsworth and Souder should not be invited back to Washington on Nov. 4. Vote them out!