The Dow at 12,466.16

[Steve]

The Dow was down again today to 12,466.16. What's your take now on where the Dow is going and where the economy is going? Has this housing market bursting really hurt our economy? Are we headed or are we in a recession? What's your view?

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No, this happens every Presidental Election year and as most businesses are aware this is also the slow time of the year for every business out there. Things will be picking up late Feb early Mar no big deal. Most of you are still young and don't remember the recesssion of the late 70's into early 80's it lasted maybe 2 years and it was bad for a lot of people in the building trade but it was like turning a light switch on when it was over there was so much work you couldn't find labor anywhere. every one that wanted to work had good jobs. This was called the BIG SWITCH from the latter Carter years to the early Reagan times. At this time I wouldnt let the media get things to out of wack. I have already heard news media reporting "is this. are we in a ression" I feel it is tactics of the democradic party to start rumors just as both parties have in the past. It was started during the outs of Clinton bringing in the Bush. Same thing happened then as what is happening now. Tehy all kept saying were in a recession and theres no light at the end of the tunnel, well let me tell you I was never busier in the 20 years than that year, it was our BIGGEST year ever. So sit back watch, pay close attenchen to what is going on around you and then you will be able to tell, don't depend on some political bozo to tell you we are in a recession. Prime point; MSNBC; reports like this "Stocks close down on recession fears" this is after a *60% increase that the DOW fall 34 points today. To much to get into and My point is the Media is the cause once again. From the AP read this and read between the lines http://www.msnbc.msn.com/id/22685721/ and then read this By Jeanne Sahadi, CNNMoney.com senior writer January 16 2008: 5:29 PM EST http://money.cnn.com/2008....8011617 All this comes from a drop in retail spending between Christmas 07 and the new year 08 and the drop is actually lower than estimated amounts (basicly it was some bean counters perdiction of what they thought should be spent), and .3 point raise in unemployment. and the cause of that goes back to 2 years from larger businesses cutting back and filing Bankruptcy from.

[Steve]

It's kind of interesting isn't it how the media can take something and then build it up to be this big story. I guess it helps sell more advertising because more viewers tune in to see what 'big disaster' is happening next.