1.5.2016 DJIA comments

1.5.2016 DJIA comments

With all the excitement on Wall Street 1.4.2016, I felt I have to follow up on my blog from yesterday. Even though I am repeating myself. Do not fall for the wall street hype. During the day the DOW dropped below 17000 and some were saying this the worst drop in 80 some years. Thank goodness Bloomberg said today, “Wasn’t That Bad As Compared With Past”. Again, I am a long range planner and when I look to the past I look further than yesterday. If I keep using 2010 as my benchmark, we did not go down to 11577 on the DJIA. If we did, then I would say the sky is falling. Okay everyone that doesn’t work on Wall Street back to work.  (I am not a financial analyst and I do not give advice on the stock market.  These comments are only my opinion about Wall Street.)

gerry

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