Wild Ride on Wall Street

Wall Street and Washington are in turmoil. For some, it's the end of the world. Entire portfolios have been decimated. Equity stakes have been demolished. While some believe that this is another Great Depression, it may be worse than the Great Depression. The fact is, if there is a 20% drop in the Dow Jones Industrial Average, it will take a 25% gain to regain its former position. And, as some are beginning to suggest, it may be an indication that America is no longer the preeminent economic power, and that a shift has occurred to Asia, particularly China and Russia. And, there is the question of Washington bailing out the system. If the government is going to regulate the banks and insurance companies, and bail them out, why not other industries. Why advocate a free market system in one instance, and a highly regulated watched over system in another. It doesn't make sense. There needs to be consistency. The market cannot continue to be a roller coaster, with the government deciding what car go where and when. We need reform.