Why is the dollar going up???

[HappyTexan]

Originally Posted by bhcompy

the government may have pumped hundreds of millions into the economy the past week or two, but we've also lost over a trillion in market value as well

not hundreds of millions, but hundreds of billions this week specifically on Monday, the day the market fell over 700 points.

And that did nothing to ease credit. Why does the MSM think this bailout plan will fix all our problems ? It won't..the derivative mess is in the trillions of dollars.

[HappyTexan]

Originally Posted by sterlinggirl

That was in one day, and it jumped back up to regain over half of it the next day. That number also includes sovereign wealth funds and all the other foreign investors. Its also only a loss if you panicked and sold.

Yes there was a big scary drop one day, but overall, the DOW is down 350 points from where its been trying to trade all year. In the meanwhile, oil is down since the bailout failed, which will help to curb the rises we've been seeing in our costs of daily living.

If they do pass a bailout bill, get ready for more pain at the pump....and the grocery store....and all the other things you spend money on every day.

If you look at the DJIA one year ago..we've lost 3000 points or more.
For each big down day we have only recovered a partial amount.

This all adds up to an overall loss.