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ProShares UltraShort QQQ Message Board

  • nautibm nautibm Nov 21, 2008 4:53 PM Flag

    Naming Treas Secretary....????

    Let me see if I have this correct....the value of our retirement accounts, our IRAs, and our taxable brokerage accounts are all determined by finding out who will take over as Treasury Secretary in two months. Give me a break? Does today's annoucement halt GM's bankruptcy, will the announcement halt the continued failure of banks, will it sell a cup of Starbucks coffee and stop the closing of 220 stores, will it help car dealers, will it re-start constuction in Las Vegas, will it stop foreclosures scheduled for Monday, will it help the 4 million workers drawing unemployment...pray tell, what does it help, oh yes I almost forgot, it helped the Dow which had gone from 8500 last Friday to 7500 yesterday close today at 8000, a mere 6% loss for one week! How many billions is 6% of the market? What about that day on October the 10th, intraday 7773, closed at 8400, what a rally, yet here we are at 8000. Peace

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