The Dow Jones Industrial Average closed at 13,191.49 on May 2nd, 2008. Today, March 3rd, 2009, the average closed at 6,661.74. What events and economic expectations are responsible for the decline? Could investor’s emotions contribute to or exacerbate the decline in the financial markets? What do you feel could help stabilize the financial markets? Don’t limit your thoughts to the U.S. only! Feel free to explore global issues.

President Obama plans to increase government revenues by allowing the current tax legislation to expire in 2010 increasing the highest income tax rate to 39.6% from the current 35%. Who are the top 2% of Americans earning above $250,000 that the President refers to? What is their role in economic growth? Are there still 2% of Americans earnings above $250,000 after the collapse of multiple corporations, investment firms and hedge funds? What are your thoughts?