anarchist

Bear Market? Numbers Don't Add Up

Dave W and leh, what you thinkin baby? hey, the $700 B bailout isn't approved - no safety net. Congress is inundated with pissed-off voters telling them to dump this piece of shit. Now you may argue that the bailout is necessary and that may be true but our benevolent Congressmen and Women want to be reelected more than they want to take the time to sort out whether we need $700 B to prevent armageddon. My guess is that in the near term the market will sink on this indecision and after the package is finally approved by the nabob Congress the market will once again think this is the bottom until the financial realities of the housing crises and the credit card debt crises comes down. SBS, GID, forget gold.