How Much Lower Can The Markets Go?

PITTSBURGH (KDKA) ― The cheers as the stock market opened this morning quickly turned sour as stocks plunged and local economists tried to reassure everyone that an end was in sight. "How much lower can it go?" KDKA Money Editor Jon Delano asked Brian Koble at Hefren Tillotson. "I think we are much closer to the bottom than we are to the top," said Koble. Koble says the stock market -- and most of us -- have taken a hit this year. "The Dow Jones Industrial average is down about 26 percent in 2008," said Koble. "The Standard & Poor' 500, which is a broader measure of the us economy, is down nearly 30 percent year to date." Today the Dow plunged below 10,000 points -- a mark it first crossed above in 1999 -- and that puts most of us back to the future. "The stock market has been virtually flat for the last decade," noted... [read full story]