STOCK MARKET IS LIKE ANY OTHER MARKET YOU SHOULD BUY WHEN THINGS GO ON SALE. UNLIKE THE GROCERY STORE PEOPLE DON'T KNOW WHAT A STOCK IS WORTH. INSTEAD THEY USE FANCY CHARTOLOGY, MOMENTUM ANALYIS INSTEAD OF TRYING TO FIGURE OUT WHAT THE COMPANY IS WORTH AND WHETHER THEY ARE GETTING A GOOD PRICE. THAT IS WHY PEOPLE BOUGHT POTASH AT 10X BOOK VALUE. THE COMPANY SELLS FERTILIZER. THEY SELL SHIT AND SUCKERS BOUGHT IT.
Another inane conspiracy post. "Greenie did it for George". By your same criteria why didn't Bernake reverse the easing cycle in October after the S&P rallied to a new all time high.
Question - what would it take in this country for the citizens of the U.S. to exercise their Constitutional right to literally wipe the slate clean in all government offices and start anew? And don't say vote Democrat vs. Republican, the two party system IS the problem. Anyone????
If the government would just let the market correct, it would hit 7,000 and then rise to a new bull market. Unless it is allowed to drop on its own and self-correct, the problems in the economy will be put to sleep only to awaken even more distressed than they are right now. Traders like predictable volatility. traders don't like erratic swings that cannot be mapped out. All this tinkering is just propping up what should be allowed to fall. The baby chick will not live long if the mother helps him out of the shell. What the hell use is a free market if the Fed keeps screwing with it? At what point do we fix the damned problems and let the chips fall where they may? Depression, because then, there is no choice.
For all the talk of free markets in this country, it's horseshit. The most fervent free market advocates seem to be the ones clamoring most loudly for socialist bailouts of irresponsible entities when things don't go quite so swimmingly.
http://www.youtube.com/watch?v=BFDlOzJGriI Finally someone gets these guys to begrudgingly say that it is the tax payer who is going to have to foot the bill. There is so much cavalier talk about a bail out and rarely an acknowledgement of where the money is going to come from. I know we live in a society with the attention span of a gnat but is it really so long ago that they were saying that F&F would not need any taxpayer money even though anyone with half a brain who had been following the housing debacle and F&Fâs crooked accounting over the years knew that to be complete BS and obviously Paulson and Bernanke knew it too? At that time I recall Paulson saying that in a worst case scenario the taxpayer would be on the hook for $25B and I remember telling a friend at that time that 200-450B was likely closer to the mark. Anyone notice that Bill Gross happily laughed at us all and told the world with a megaphone that his fund had its best day in history yesterday? Given how he came by those ill gotten gains he ought to have hung his head in shame and just thank his lucky stars that he was bailed out. What those blindly buying in to the dumbest rally this year if not this decade donât realize is that Paulson and Bernanke have one very precious commodity that they rely on above the ability to print and dick around with interest rates and that that is their credibility and with this latest debacle they have used up the last of it. The shorts are emboldened, even a bailout of this magnitude that I might have expected to see a 500 to 1000 point rally off of has fizzled in less than a week. Savvy investors and traders see the writing on the wall and are selling up or going short in anticipation of reality overwhelming the façade of optimism and measured control that Paulson and Bernanke have tried so hard to maintain.
Bunning should have added how he thought he woke up in the Soviet Union in 1979 (Chrysler bailout) and 1989 (RTC S&L bailout) and how he was completely wrong then.
Whatchu guys so worried about??? Just vote for Little George Bush's friend, McCain. He'll fix everything.