no single Action will be the catalyst,but in my opinion
this Single Idea below
if communicated properly, if the media run with it it will be Very Very significant.
to restoring confidence in world markets.....
i for one am excited and back in the market from monday with an extra 20% of my $$ that i have been sitting on.
0908 [Dow Jones] WALL STREET: Stocks bounced late, mostly ending higher after report that government is mulling direct aid to people behind on mortgage payments, helping Bank of America, Citigroup pare falls; DJIA down 0.1% after dropping as much as 246 points, Nasdaq +0.7%, Philly semicons +1.3%. Reuters reported Obama administration is hammering out program to subsidize mortgage payments for troubled homeowners who have gone through a repayment means test; came after homebuilder and bank stocks sold off heavily for most of session amid disappointment that a tax break for home buyers was reduced in final version of economic-stimulus bill. Banks are still laden with securities and derivatives tied directly to the housing market, and confidence in their solvency is sinking with home prices. "Everybody was waiting for a clear-cut decision (on the banks)
