Dow Jones

Stocks plunged further Thursday, sending the S&P 500 down almost 3% and driving the Dow industrial average down more than 1,000 points since the start of 2008, as investors worried about the outlook for the U.S. economy. Federal Reserve Chairman Ben Bernanke said the risks of an economic downturn are more pronounced, and a Philadelphia Federal Reserve survey showed regional manufacturing activity weakened in January. He said the housing sector will be a drag on the economy for much of this year.

U.S. stocks sank Friday as worries about more problems in the bank sector, slower corporate earnings growth, the weak dollar, and record-high oil prices all came to a head.

On Friday, the Dow Jones clawed its way back from a 200-point deficit to a mere 31-point loss after the Federal Reserve injected $38 billion into the banking system. The Fed had already pumped $24 billion into the system a day earlier after the Dow plummeted 387 points. That brings the Fed’s total commitment to a whopping $62 billion. By some estimates, $326.3 billion has now been added to the G-7 Nations’ intra-banking system to prevent a breakdown. That amount will steadily rise in the weeks ahead as the situation continues to deteriorate. Some readers may remember that on Tuesday, August 7, the Fed announced that it was NOT planning to bail out the market. My, how quickly things change.

Mexico City – Which country could give the son of a poor immigrant from an impoverished faraway land so many opportunities as to make him the world’s richest man? Mexico. It is NAFTA’s most ironic of unintended consequences that Carlos Slim, the Mexican son of Arab immigrants, surpassed this month Bill Gates to become the world’s richest man.

The stock market continues to surge as the country is declining. We have no bragging rights as .5% is shame full at home while 30% abroad is becoming the norm. The New World Order is in full swing. The meaning has nothing to do with us a nation it is only driven by industry profits abroad or at home. The claim is that 50% of Americans are involved in the market. The question is what about those 50% that are not involved? These numbers mean nothing and there are no studies to back this claim up.