Bail outs with taxpayer money...done.
Hired everyone you can and employment still falling...done.
Change rules forcing the covering of shorts...done.
Ignored soaring inflation and downplayed it...done.
No more tricks left. Have to face the fiancial crisis and declining consumer confidence and spending now. Oops. IMHO.
Ya I think BAC drops big tomorrrow too. AH down almost a dollar and shorting starting tomorrow again will drive the price down further. Government out of tricks for smoking mirros. I'm more concerned about Israel though right now. The time to strike is running out as Iran completes enrichment. When Israel strikes oil goes to $200 in hours. Later boys.
I really believe the government is out of bullets too. I also believe when anyone intereferes with the market they only upset the balence and that normally results in a quick dive. We'll see Friday but its looking very red right now.
>Bail outs with taxpayer money...done.
As long as short rates are held at 2%, the bailout continues. As long as long rates are held below 5%, the bailout continues.
But the real "bailout" came from WFC and LEH numbers, which calmed the senseless panic of the last two weeks.
All you guys who bought below $19, remember to send a thank-you letter to Senator Schumer.
1) Obama will pay off all mortgages for
all poor people making less than $50K
2) democrats will make it illegal to lose
3) Bernanke will drop rolls of $100 bills
weekly on your driveway
4) treasury will print money faster than ever
The Airdrop is on the drawing board and ready for implementation: The fleet of B-52s and helicopters w/Commander Ben in the lead copter w/quadrillion sums of Argentinian-Zimbawee dollars is primed for liftoff. Its Hyperinflation or Depression, and Commander Ben chooses Hyperinflation.