The Death of a Nation

Ok maybe not yet, but it’s becoming clear that the murdering of many markets is certainly taking place. With the Dow losing 300 points today, and almost reaching under 12,000, big businesses are being knocked down hard. Top companies like Google (GOOG) have seen ridiculous amounts of negative gains. Google near the end of last year was sitting high atop a 700 point standing, and now lays in ruins with a point standing barely over 600 (600.79 to be exact). It’s obvious that not even interest rate cuts can save the lackluster performance of major companies. With these big losses taken by big corporations, lesser known companies are sought out to pick up big gains for investors’ portfolios. Sadly even once adored ‘under the radar’ companies like Monsanto (MON) are caught in the drastic downward slope. The only advice many people can give is to weather the storm and look for stocks to rise later in the quarter.

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~ by isaacswallstreet on January 18, 2008.

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