The economic mess worsens

September 5th, 2008

I understand that the DOW fell 340 points yesterday, largely due to the news of rising unemployment and loss of retail sales.  I don’t usually pay a lot of attention to the stock market – I bought some stock a long time ago and just put it away, hoping to maybe make a little bit of money on it “in the long run.”  I’ve always been told to buy stock when the market is down, so this would be a good time to buy – if I had money to invest!

But money is too tight right now to put anything into investments, it is hard just paying the bills.  The economy of the US is in trouble though, and I think it is going to get worse before it gets better.

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