Tuesday, September 30, 2008

-777 Thank God it wasn't -666

For the past couple of weeks I have been glued to the tv flipping channels from MSNBC to CNBC to CNN. This last weekend most of America was sitting on the edge of their seats to see what would happen with the "bailout bill" House Republicans and House Democrats were assuring us that the bill would pass. Many folks on "main street" upset about this. Them Monday the bill was rejected. Stocks plunged!

There was a sense of fear and panic. Then today something interesting happened the Dow gained 485 points. All kinds of speculation as to why such a rebound. I heard many reporters saying it is because there is still hope that a bailout will happen when the house reconvenes on Thursday.

My personal opinion, and I say this somewhat jokingly, is that there was such a rebound today because the number of points the Dow fell 777. Isn't that Heavens number? I can only imagine what would have happened today had the Dow fell 666 points!