Stocks lower, interest rates higher

It was another down day for the dow. It appears that rising interest rates are destroying any chance of an economic recovery. Also, oil is going up, it closed today over $72/barrel. This is not a sign of recovery, but of discovery, as in the fact that people will pay at the pump. They have no choice.

Sadly, many companies are close to bankruptcy. GM & Chrysler were only the tip of the iceberg. As the financial situation deteriorates expect to see more stores close, and eventually malls shut down. This will leave to empty ghost malls and abandoned areas.