HOPE Is A Four Letter Word

Discussion in 'Wall St. News' started by capmac, Feb 17, 2009.

  1. capmac

    capmac

    Market's 'Hope Balloon' Loses Air

    Tepid Upturns Haven't Stopped the Slide; 'Hard to Make a Cheery Story'

    Financial markets are supposedly driven by two competing forces: fear and greed. Fear just made another grab for the steering wheel.

    Disappointment with the government's planned credit-market bailout and concerns that the $787 billion stimulus plan won't jolt the economy fast enough snuffed out the budding stock-market rally. Now investors are worried that stocks could fall back to their November lows -- and possibly even farther.

    http://online.wsj.com/article/SB123481023090593823.html
     
  2. Mav88

    Mav88

    Genius Obama says hope takes audacity