A few months ago, some of my colleagues and I were half-heartedly joking about the DJIA dropping below 10,000. At the time, I figured that it wouldn’t  happen, but as we draw further and further into this banking fiasco, nothing is unexpected anymore.

How low can the market go?  Some “experts” are saying that the market could fall as low at 7000.  What would this mean for the U.S. economy?  nothing good.  

U.S. Dollar vs Euro

What is even more weird is that even though the U.S. economy is in a vertical nose dive, the dollar is remaining particularly strong against the Euro.  I guess the E.U. is just as screwed as we are.