This morning the pre-market was trading up. Even the Wall Street Journal said that stocks were pointing to another positive day. In the pre-market trading Ford Motor was up 14 cents. The minute the market opened stocks started tumbling.
The reason for the tumble is this: our Fed Chairman, Ben Bernanski got up and mumbled something in public about raising interest rates. These guys have two problems: 1) Every time they open their mouths the market goes down. 2) They are addicted to raising. That's right. They always want to raise something. If it isn't interest rates, it's taxes, or fees, or something else that makes your life a little more miserable. It just doesn't sit well with investors.
Now, I understand that a lot of people don't like investors. Why, I'm not sure. I think it might be jealousy. But folks, our economy is lubricated with investors' dollars. People willing to take the risk to finance a company that produces a product that creates jobs. A lot of people don't like the guy that provided their job. That's OK. take away the investors and there will be fewer jobs.