DOW-ner

Did you hear?  The Dow dropped today on news of sluggish retail sales and growing fears we are indeed in a recession.  Huh?  I call baloney.  No one expected a strong sales report and everyone has known for sometime we are in a recession.  You’d have to be under a rock not to know and those who live under a rock typically don’t influence the Dow.  Methinks it is more about profit takers who are making the decision to sell when the Dow manages a spike.  I think it will happen over and over again for some time.  The Dow will likely look more like an EKG than a kite string to heaven.  To expect otherwise would be silly at this point.  Blaming a downturn on news that really isn’t news doesn’t make sense.

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