Thursday’s roller-coaster ride was no amusement

Thursday was one of those days that will go down in stock market history.

I was working at my desk and, as I frequently do, had a TV tuned to MSNBC yesterday afternoon.  So I witnessed the horrifying plunge of the Dow Jones Industrial Average by nearly 1,000 points and then it’s partial recovery in second and minutes.

Although I’m no economist, I don’t see why it would be foolhardy of me to make one prediction for when the New York Stock Exchange closes today:

The Dow will be lower than at the opening. Continue reading

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