"Rational" and "stock market" should not be used in the same sentence. The stock market is >95% random.
INTC and MSFT are not going out of business any time soon.
It is not if, it is when.
This is sheer madness. If the U.S. is not yet bankrupt, it will be in short order. I am getting out of U.S. equities altogether.
Those who work two or three jobs to keep up with their mortgage payments would be well advised to quit all but the lowest paying one. One's...
The crowd is always right! Oh, wait...
One YM = 500sh of DIA.
The U.S. will not go bankrupt as long as the government obligations are dollar-denominated.
The taxpayers were duped, not the Congress.
The market continues to punish bailout bulls. :cool:
Those who who follow Cramer's investment advice get what they deserve.
Upping the FDIC insurance limit to $250,000 is a great way to trigger a run on money market funds. :p
6) Barack Hussein Obama is elected President.
Paulson is the greatest bank robber of all times.
Another word, Buffett bought $5B worth of Goldman's junk yielding ~14-16% (counting the warrants). I wish I could short the common.
Down 0.5-1%
The Paulson/Bernanke bailout is nothing like the RTC scenario. The RTC took over insolvent banks, paid out depositors, and sold marketable assets...
Higher, until the news is out.
The Fed acquired an 80% stake in a bankrupt enterprise for $80 billion. Such a bargain!
Short-term, the bailout puts a floor under the market. Long-term, this is a major step toward national bankrupcy.
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