Dow Jones Clearance Sale Huge Success!

When I checked the stocks around lunch time, things were looking pretty bleak. But apparently after I went back up to my desk, things got much worse. The Dow dipped below 8000 points. But then a magical thing happened: Traders realized that the entire stock market was on Super-Duper Pre-Thanksgiving Blow Out Sale! Today and today only! (God willing.)

A month and a half ago, my employer brought in our representative from Smith Barney to discuss the sudden economic downturn, and what that meant for us, our savings, and our retirement. I work at a company with a fairly low median age. My guess is that our average worker is about 32 years old. Because none of us has plans to retire any time soon, our financial adviser had a very positive spin on things for us: Invest now, while you're young, and while everything's on clearance.

This is apparently what happened on Wall Street today. I can't speak for the youthful exuberance of any of the big investors, but at some time this afternoon, we collectively decided that the price on these stocks couldn't be beat, and we had to get at it while we could.

Will it last throuh tomorrow? No idea. But I always like a good bargain.