mollytjm

Eight Areas to Consider About This Market

to 'closed'...not to mention the fact that the u.s. has fiat money...not backed by anything except 'agreement'. in a situation where the financial institutions were allowed to seduce an ignorant public into incurring far more debt than was reasonable, by any standards, it created desperate people, willing to agree to almost anything. scary.

I am long APPL and will remain so. this is a good article and we need to have more openess about all of this. the situation didn't come about suddenly. but to just had over $ and call it a 'bail out' is a terrible idea. the auto industry has to declare bankruptcy and reorganize into companies that actually produce what people want to buy. then, i agree, some help so they can retool is in order.

more problematic is citi! for the gov to back up over 300 billion in loans..where does it end? at some point, the worthlessness of our $ will become obvious to everyone.

yes, the market will come back some day...but it might not be in the country we think we live in right now.