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Thursday, December 4, 2008

stocks dip after two day rally

Stocks dropped thursday after majior companies cut a lot of jobs. The stocks were up and down all morning, untill the finally just dropped. Will Hepburn said that the stocks are trying to stabalize and that the problem will be short term. In the two pervious sessions the stocks had gained despite the "weak economy."

Im not really sure that it will jump back up to what it once was. Since there are tons of jobs being cut people don't have money to purchase stocks. On the other had there are people who decided to buy when the ecomony is low because the stocks are cheaper and will eventually go back up.

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