LA

Have We Reached a Near-Term Bottom?

I agree with John. This administration is buying time until the elections. Should the market truly collapse, the Republicans would be in a very difficult position.

Interestingly, if you look at Friday volumes for some ETFs, they are all much lower than Thursday. And a short selling ban is a desperate measure that could potentially increase instability, and not reduce it.

Most of all, whatever the plan is, it will do nothing to address falling consumer spending, falling housing prices, and higher unemployment. Banks are not going to rehire those who were laid-off over the past few months and manufacturers are not going to see a surge in demand. Ultimately, in my opinion this is why the market has been falling. The collapse of part of the banking system is only part of the bigger picture