Yesterday, I wrote about the stock market crash we had yesterday afternoon, and it’s effect on the domain industry. Domains were selling and prices yesterday that I couldn’t even believe, as I stated in Part I of this article, which you can read by Clicking Here. And I would highly suggest you read that article before you read this one just because I will refer back to some things in Part I that I wrote.

Today the stock market has gone back up over 300 points. And yet, I haven’t seen the prices of domains rising like I would have expected. On eBay, domains like SkinRetail.com, which I would normally appraise at about $80-$85 sold for only $31. It’s just very odd that the domain industry isn’t running along with the pattern of our economy and stock market as I thought it was. Once the stock market crashed yesterday, domain prices went down. Now that the stock market is climbing back up, why aren’t the price of domains going back up with it?

I have talked to a few friends of mine in the domaining industry, and most have answered that people are so unsure of where the economy is at this point that until we see the economy steadily going up, the domain industry along with other industries around the world will be at rock bottom regarding prices for services and goods.

In my personal opinion, Congress needs to come back to this $700 billion bailout bill and reconsider it. That would save all the industries, such as the domain industry, from getting worse and worse. Now, not trying to move this article onto politics, but I need to point my finger at Nancy Pelosi for causing an even worse recession in the stock market and industries. If she could keep her mouth shut, and Congress could pass this $700 billion bailout bail, the domain industry as well as other industries will start rising back to where they were before our economy turned horrible.

Please comment your feelings on this, and what you feel can be done to get the domain industry back on top!