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October 13, 2008

Carr-Recession
Markets continue to tumble
It was a wild ride Friday morning on Wall Street, not much of a change of pace from throughout the week. The Dow began the day by falling nearly 700 points in the opening minutes but climbed back into positive territory within a half hour. By mid-morning it was down again, by more than 200 points. WTAG's Financial Consultant Rich Carr says it seems to be out of Washington's control at this point, but adds that he believes the government will do what they have to. It won't be until investors become more confident about the future that we will see a reaction in the stock market. Carr goes on to say that we can officially call this a recession, and the evidence is there...