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