To: NEWSHOUND
and when investors get the rest of the story the market will tank again, right?
5 posted on
03/10/2009 3:45:12 PM PDT by
GeronL
(Will bankrupting America lead to socialism?)
To: GeronL
I'm not convinced the market is really reacting to anything concrete anymore. Over the weekend world markets took a nosedive because the World Bank basically said they didn't have enough money to underwrite the failures of the financial markets. Our markets opened up and didn't react at all. Employment numbers that should scare the socks off the market come out and no one even blinks. Either (1)the markets have oversold and stocks are currently undervalued because of fear (which I doubt)or (2) trading is being moved by amateurs on E-Trade who have no idea why they're buying or selling or (3) there is big money trying to save Obama's bacon by pumping liquidity back into the bubble (tin foil hat firmly in place). To tell you the truth, I really am beginning to think we are living in an alternate reality.
6 posted on
03/10/2009 3:56:00 PM PDT by
NEWSHOUND
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