The Dow Jones Industrial Average Index rose 420 points yesterday, the most in 5 years! The Fed's interest rate cut helped calm investors and secure market stability once again! Thank God! It rose 416 points last Tuesday as well. Did the derelict media tell you that? No, they assumed you were too dumb to actually recall last week. Did I mention the DJIA doesn't track the market at all. It tracks the top 30 American behemoths. Does that sound like an accurate market index to you?
Someone had to take advantage of the situation right? Why not? Try Visa. They completed the largest IPO in American history yesterday by raising $17.9 billion. Why did this happen? Because Master Card stock has been killing it; up over 350% since their very own IPO in 2006. And why wouldn't it be? Plastic is a man's best friend, a or lady's for that matter. The same people who screw you on interest rates, fees, and credit limits every day proved how powerful they actually are. You just got screwed again. And you liked it. You purchased your very own debt, and quite possibly the debt of your fellow consumers. Watch it bomb ladies and gents. Today is going to be another volatile day in the market. Too bad Wall Street doesn't open until 9:30. Lazy bastards. Oh I forgot, their communter train(or more than likely personal M class) takes 2 hours to come in from Long Island, or Jersey City for that matter.
16:00- BOOM: Day Closes with DJIA losing 293 points.
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This site is weak like Jer's wrist. THe most important thing is that D&P stock is once again above its IPO price so we are in the money. Also you guys are racists bastards since no one voted for Obama, but who was the asshole voting for hilary? I demand justice. Finally I want to congratulate you all for getting lame and moving in with your girlfriends
ReplyDeleteNevermind him. He's just an angry troll from NJ.
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