What kind of plan is there to reward those who have been frugle and responsible? You know - the kind that don't get cable or expensive cars and such; so that they can meet their monthly bills - and save for a rainy day. You know - like our parents and/or grandparents used to do. Remember?
Agree. Most bullish sign and especially after Bernanke speaking of "NEW PRODUCTS" in the mortgage sector "helping" borrowers. It´s finally a political issue...Not fun to see hundred of thousands of people running into delinquency / foreclosure...but maybe GOP anxied to lose too much voters to the DEMOCRATS...
it will be even more funny to see real estate market dead as they want to froze prices. Bubble must be deflated. No buyers until prices 30% off at least
market gonna eat it up. I say up 300 points then a minor sell off and off we go to perhaps 500. Silly minutes that were not really allthat bearish or surprising mad the markets shed 275 in one afternoon, imagine this bomb hitting the wire in the morning.
Colossal, gut-wrenching, hellacious short squeeze on deck in the financials and housing stocks in particular. Even if there's no real substance to any of this, the psychological effect will be enormous. Anyone short any sector will be in for some real pain today if things pan out the way they appear to be panning out right now. Then Bernanke on top of it. Possible play: short the upside gap as the MMs are certain to do, wait for the speeches, go long again.