WILX Home ·  Station Info
   
News  ·   Sports  ·   Weather  ·   Job Search  ·   Blogs  ·   Contests  ·   iWitness Photo/Video  ·   10toGo  ·   Instant Alert  ·   World News
Recipes · Restaurants · Community · School Closings · Lottery · Entertainment · Money · Breakroom · Apartment Guide · Repair Don’t Replace · Summer Guide
WILX.com on Demand
News Ten Mobile
News, Sports & Weather
Information On Your Cell
Instant Alert
Breaking News and
Weather Alerts
On Your Computer
Daily e-News
News & Weather Updates
Delivered Via Email
WILX iWitness
Submit Your Pics
and Video
Weather Source
Your 24 Hour Local
Weather Channel
Twitter
News Headlines
Short and Sweet
WILX iWitness
Market Panic Save Email Print
Posted: 11:16 PM Oct 9, 2008
Last Updated: 6:52 AM Oct 10, 2008
Reporter: Jamie Edmonds
Email Address: jamie.edmonds@wilx.com

A | A | A

Halloween is just weeks away, but lately it's the stock market that's got people spooked.

"I think it's really scary," Mellisa Wheeler said, "I don't know what to think."

"I keep watching and wondering what's going to happen next?" Bill Dewitt said.

Doug Adler of Raymond James and Associates in East Lansing said he fielded calls from clients all day Thursday.

"The number one question I'm hearing is well, what do you think? And what should we do now?" Doug Adler said.

Even after the government passed their $700 billion bailout bill, Adler said, there's still a lack of confidence on Wall Street.

When the Bailout Bill was presented and it was monkeyed around in congress, folks said, 'I don't have any confidence and people have been selling ever since,'" Adler said.

But it's going to take time said MSU economics professor David Schweikhardt.

"It's not easy to spend $ 00 billion and you want them to spend it in the right way to get this job to work," Schweikhardt said.

The first step, Schweikhardt said is to get credit flowing to help small businesses.

"It's making it difficult to pay bills to other businesses who they owe money," he said. "In some cases it might be difficult for them to make pay roll."

And to help you and me.

"If you go to finance a car, but the bank isn't giving the dealership credit, you cant buy a car," Adler said.

The word credit literally means to believe or trust... which is exactly what these markets need right now.

More Stories
Gearing Up For Common Ground

Your Sunday Night Forecast

Home Foreclosure Help

Detroit's Emergency Cash

Chrysler Fills Out Board Members

Single Engine Plane Makes Emergency Landing At Local Airport

Two Men Found Dead in Kalamazoo River

Husband, Wife Take Spitting Crowns

Post Your Comments
First Name:
Location:
Enter Comments: characters left
Email (optional):
By posting this comment I have read and agree to the Terms of Use and Privacy Policy:
You must agree to the Terms of Service to continue.
Read Comments
Comments are posted from viewers like you and do not always reflect the views of this station.
Posted by: ronda Location: coldwater on Oct 10, 2008 at 09:48 AM
Was most our problems with the economy due to high oil prices and the greedy ones out to make big profit.Every one was getting away with it.Gee the poor just got poorer.Lack of jobs and more not having jobs as they just moved away.We hear how much higher fuel prices to heat our homes will be this winter.Pretty stupid no ones can stop gas companies ect.We haven't even turned our heat on yet.Yes it is pretty cold but our budget is so stressed now.High gas prices,food prices,raises in utilities,just higher everything.We were find till all these high prices.The bail outs will help who?Not average families.Soon the day will come when the gov says NO MORE TAX REFUNDS.Then what?There is no good reasoning in why this all happened.Bush has brought this country to ruin in just 8 yrs.Proves something is truely corrupt in his term.Who's ever going to let the truth be known?No one getting all that bail out money which smells of BRIBES more so than help.

AP Videos
WILX Poll
Do You Make A Point To Buy Local Food During Holidays?

Yes
No


King of Pop Leaves Mark on Lansing
King of Pop Leaves Mark on Lansing
  • Posted By: BarbaraI'm surprised by the news media who are shocked that he died after having passed a physical. There are instances of people having heart attacks as they leave the doctors office, have been given a good bill of health. Some coverage of the event seems appropriate but now I am ready for it to stop. Ok I wasn't a fan. Never was. But enough is enough. There is other news out there. There were other deaths of famous people that week, alot in fact. They got a notice in the news and that was appropriate. Yes was more controversial as was Elvis and yes they both got more time, but it bothers me that all of the national coverage that night was of his death as if there wasn't a war or other news of note.
  • Posted By: Entertaiment BigotSorry Becky if we busted his chops but I'm one of those Hollywood Bigots. I do not idolize anyone in the entertainment business more than I would my own Parents. So I can truly say he never had an impact on me. It is our culture and media that seems who decide who we should idolize and I'm sorry but I don't buy into that mentality. I didn't cry over Elvis and I'm not shedding a tear for Mr. Jackson. I didn't cry over Lady Di. To say he reached everyone in the world may be true but that doesn't make me a bigot just because I don't idolize or mourn him.
  • Posted By: BeckyI feel that you are all insenstive bigots. Excuse the past years...you have to look at what this man meant to the country as a whole. When is the last time you heard of an artist that reached damn near everyone in the WORLD regardless of their race? Elvis didn't even have that much of an impact. He is a human and has his mistakes. Only God can judge him and to say such nasty things about this man after his passings is plain disgusting.
  • Posted By: blablaOk he's dead, now can we read some real news
  • Posted By: jonI just wonder where is michael now?
  • Posted By: sandyBill, your right not Farrah or Ed but a pedophile, his attorneys will be looking for new jobs now cant live off mike now.
  • Posted By: BillWhat GREAT comments and all so true. How anyone can worship a pedophile is beyond me. To bad about Farrah, but you sure don't hear anything about her.
  • Posted By: BillToo bad so sad, NOT. Children of L.A, can now sleep easier. The courts don't have to waste money on him anymore and his so called friends will have to find someone else they can be a leach to. I remember when their show first appeared and it was fun to watch. But as time goes by the fame has destroyed him as well as all the damage he has done to his own body for no reason but to be wanted even more by the public. His attorney summed it up great.
  • Posted By: King of WarpOk, the immediate response is I'm shocked. Only the media and elite will sensationalize a story to make the guy out to be somebody to be worshipped. Everyone is now over Princess Di. So, pay your respects, honor his talent and keep the other crap out of the news. We don't need to hear over and over again about his drug use, child molestation problems. Good-Bye Michael Jackson now "Beat It"
  • Posted By: MarkThis is pathetic. Call me a dork, or a hater, or whatever, but this is seriously ridiculous. Yeah, an influential musician is dead at a young age. But do half of the headlines on this page have to be about Michael Jackson? There are four on here about him out of 8 listed.
  • Posted By: CarrieBS! I don't buy into this "sadness" stuff. I think we have a bunch of band-wagon jumpers!! Michael was a HUGE part of my generation's world (growing up in the 80s) and every chick LOVED him so from that sense, ok...it is weird to see him gone. BUT....he was a "has been" through the recent years (since like the mid 90s?) and so many people did NOT like him because of his life-style and mannerisms, etc. Notice his upcoming tour was in a whole other COUNTRY because he wouldn't make it here. But yet, all of a sudden, he is LOVED by all? GIVE ME A BREAK! I am NOT buying it. BAND-WAGON jumpers. Spare me.
Sponsored Headlines