DJIA 0.31% 26,683 dow jones industrials

Fact is that $700billion won't do much. Just help Paulson's...

  1. 1,348 Posts.
    Fact is that $700billion won't do much. Just help Paulson's mates that's all.

    Don't think for once that this will bring back confidence in the market. It is a short term fix for a long term problem, then after the elections are over it will be back to the same old problem - HIGH DEBT....

    Dow might rally but then it will go to newer lows. A problem this big will not sort itself out in 2-3 years...

    The amount of debt to GDP is massive and if there is any hope of a recovery it will come when the debt to GDP ratio is at a more realistic level.

    Don't let any rally fool you and as for the american dollar, well it is heading one way and that is south. If they cut interest rates and approve this bailout package then their dollar will become even more worthless.

    People have to understand that the market needs to deleverage not continue its old ways.

    Not being pessimistic just realistic. The Credit Default Swap market is a 62 trillion dollar market, that is another time bomb ticking away, tick tock tick tock...... When will it blow nobody knows...

    Hold on to your cash and becareful where you put it.

 
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