For the first time since 2003 the Dow Jones Industrial Average went below 8,000. Two weeks ago economists were pointing out that going below the 10,000 was a significant sign of a slowing economy. Check out the report below to learn more.
Basically, the citizens of United States or consumers for that matter need to realize that the problems we're experiencing this week haven't just erupted over the past few weeks. The economy's problem is due to the poor quaility of our credit market which has become worse over time because it was allowed to go unregulated. As a result, the only way to fix these problems is to invest money in the credit market to help turn it around, but this is exactly the opposite of what's happening on Wall Street which is why our situation isn't getting any better.
So, convince your parents to buy stock. They'll make the biggest profit if they invest when the market is at it's bottom, but who knows where the bottom will be...
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