If the market tanks, I'm curious to see what et'ers think about whether or not the govt has any ammo left to keep the market up. I myself think the admin's credibility is shot.
Are you aware that the US savings rate is a healthy 7 % pa. in the last couple of month ? That's a very healthy development. Besides, the US is not THE ONLY market worldwide. Can you imagine that McDonalds, Caterpillar, Du Pont & Co. are generating more than 50 % of their revenue outside of the US ? Expect further profit growth ! Financials may be a laggard - but only "may" be... In short : no need for government intervention anymore...
the whole world is printing currency along with us which diminishes their currrency,hence diminishing the saturation of ours,so i think they have plenty of room to print more