I dont think anything gets approved tonight.... $700 BILLION IS NOT ENOUGH...... $1-$2 TRILLION IS WHAT IS NEEDED $700 BILLION IS NOTTTTTTTTTTTT ENOUGH...... DOW headed below 10k... 5% decline.
Don't fight the fed. We just had one of the highest panics in the credit markets ever. This is clearly a climax to the bear market.
This time its different, fighting the fed has been the way to go since they began cutting rates....This IS NOT the climax to the bear market, this is going to be the longest bear market in history, there is not one catalyst for this market to be even slightly bullish, sell the rallies, the bear market will be here for many years to come.
But my broker said prices go up in the long run. He said I need to invest for the future for my retirement. If prices go down, I guess I'll be eating cat food in my retirement, instead of travelling around Europe.