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Dow Down Again 7,997 For Second Week Post Election

November 20th, 2008 · No Comments

Tags: Financial News


For the second week post Obama Win trading on Wall Street hits a 6 year low of 7,997.28 after falling almost 500 points in one day.  Prior to the lows of 2002 - 2003 which were related to the start of the Iraq War you would have to go back to 1998 to see prices this low. Prior to 1998 the Dow had never reached that level.

Could we be in for Deflation? It seems that recent Oil and Food Prices along with Housing sales would make you think that the long term may not be as bright as the recent past.

 

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