Don't matter how oversold the market gets, there will be no rally until the sentiment changes. That piece you quoted is just another "rumor" from the stupid f'n media. After the bell of Fri Fannie said they are adequately capitalized - so why the need to access the Fed window??
I think Monday will be a bad day again because a big US bank, IndyMac, was seized by government. That news came later Friday, after the bell. And this won't be the last bank failure this year.
Anyone going long in this market is nuts.
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26,683 |
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