The Dow is Down 21.99% Since the Bailout Was Announced

The Dow Jones Industrial Average closed at 10,482.85 on October, 2—the day before the announcement that the $700 bailout had been reached. Today the Dow closed 8,282.66 for a total percentage loss of 20.99% since the bailout was announced.

I thought this was supposed to happen IF we didn’t get the bailout!

Let’s face it: times are going to be tough no matter what we do. But, according to an article I read in today’s Wall Street Journal, which Meg already mentioned earlier today, this might be a great time to ease into the market.