I wonder what this day will be like on Wall Street. Right after yesterday’s report that the U.S economy is in a recession the Dow dropped to one of it’s worst days. The U.S markets are heading for a higher open today, but will it last. I don’t think so; there are just too many scared investors out there. Once one bad report comes out investors start dumping their stocks. And most of the time the bad report has nothing to do what they’re investing in, they’re just scared. And this is one of the biggest reasons why we have all these problems. We all have ourselves to blame for the economy going into a recession. When we stop spending our money business around us start to collapse. And most of those businesses are small businesses. Most small businesses can’t stay a float after 6 months of low sales. And since small businesses make up most of all U.S jobs our unemployment raises because of layoffs. We need to come together as a nation and start supporting each other. And the way you can support your local businesses is just simply purchase their products and services. If we don’t help each other things are only going to get much worst before better.

So far the out look for Wall Street looks like its going to have a lower open today. And around the world the Asian markets closed pretty much flat today. The European markets are down right now and look to finish flat as well. With the out come of black Friday I think and hope the U.S market will show good gains today. I heard that there was a 2 to 3 percent increase in sales over last year. But with the deep discounts it will cut into retailer’s profits. If retailers have a great Cyber Monday it could move a lot of them into the black for the year. With all this holiday shopping it could very well stop the recession from becoming official. Although the chance of that happening are slim. Everyone already knows where in a recession, heck we’ve been a recession for the last 3 months. The thing is no one wants to admit it officially. Lets hope for a good day on Wall Street and days to come.

I was just reading that Wall Street had its biggest five-day rally in more than 75 years. Some of the big reason’s for the rally was because President-elect Barack Obama named his economic team and of course the big loan to Citigroup. And let’s not forget that the Federal Reserve finally decided to buy those bad mortgage-backed securities. I don’t know if those where some of the best choices, but it worked for now. If buying the bad mortgage-backed securities don’t work it’s going to cost us an arm and a leg, so lets hope this idea works. I also hope next week brings similar results, because we sure need it. Also next week will have a few reports coming out, like the employment report from the Labor Department. A report like the employment report could really swing the markets, so lets hope this report comes out good.

Today on Wall Street turned out to be quite a ride for all of us. At one point the Dow Jones industrial at a low of 7,965.42. Then out of nowhere it went right to the top. When it was all set and done, the Dow Jones industrial ended up over 550 points. This type of day just shows how bad things really are. Although the stocks ended up what will tomorrow bring? And I say this because you just never know how the U.S. or world markets are going to respond from day to day. And this makes a lot of people feel unsure on what tomorrow will bring. Me personally I’m a little sick and tired of the rollercoaster ride the Dow Jones takes me on every day. I also feel that the Dow Jones industrial as finally reached the bottom. And I say this because of what had happened today. There was so many deals lying around today investors just had to grab them. But then again who really knows anymore. Lets hope for another big gain tomorrow, and get this economy moving.

The only thing I really have to say about what happen on Wall Street today is, wow. Well I had a few other things to say. Like did you know that the Dow Jones industrials ended with it’s second-largest point increase in the Dow’s history? The Dow Jones industrials almost exceeded 900 points today. And let’s not forget the Standard and Poor’s 500 index, which finished at almost 11%. I was just checking the Asian markets and their soaring right now. This is a great sign for the US markets come 9:30 tomorrow morning. Another thing we should hold for tomorrow is that the Fed cuts interest rates. If this rate is not cut the markets will drop fast. I truly believe that the rate will be cut tomorrow and will be looking at another 10% increase in the Dow Jones industrials. So let’s hope for the best tomorrow morning, because hope is all we have left.

Another really bad day for Wall Street today. I don’t think I can take these huge drops anymore. Today the Dow Jones industrials was down 240 points. Is there an end to this drop anytime soon? Oh, did you guys hear that on Friday federal officials closed branches of the 1st National Bank of Nevada and First Heritage Bank N.A. First National Bank Holding Co owns these banks. When things like this happen doesn’t help of economy. Lets see how tomorrow pans out.