Wednesday, November 7, 2007

What the Heck is Going on?

The U.S. Dollar fell again, oil prices are on the rise, and the stock market is plunging. What is going on? The housing market is also faultering due to the lack of payments on loans. Citigroup fell once again and will most likely lay off more people.

Today the Dow Jones closed at -360.92 or down 2.64 percent, the NYSE closed at -272.26. What will happen if this continues? How long can it continue before the whole thing crashes? Does anyone see a crash in the future? Should we take our money out of our banks?

What about the amount of energy we are using up? China is on the rise and is expected to be using like 5% more energy in the next year. Should we find other sources for energy like yesterday?

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