Bob McCarty Writes

Should we party like it’s 1999?  Probably not now.

On March 29, 1999, MSNBC aired the promo below which contained a question many didn’t want to consider:  “The Dow hits 10,000.  Will it continue to soar or will it sour?”

As the Dow hovers precariously close to the 10,000 range, the more-likely question about the stock market is, “How low will it go?”

Despite the fact that President Barack Obama would like Americans to believe the economy is in turn-around mode, that’s simply not true.  Several pieces published recently at the Calculated Risk Blog bear that out.  I recommend you read them via the headline links below:

• BLS: Few Job Openings in December

• NFIB: Small Business Owners Report ‘shortage of customers’

• Party Like it’s 1999