What did you do today?
I got up and went to work.
So did virtually everyone else.
We have an economy of productivity.
We’re all working.
Some assets just lost their value.
Get over it.
We’ll be product, the paychecks will come, and we’ll spend them.
Some speculators lost lots of money. We taxpayers will unfortunately bail them out.
Big hit. We’ll keep on going.
Chill, have a beer, and go to work on Monday.
I thought this was funny when I read it this summer.
However it seems very funny to me that the market has turned around because everyone is talking about cash infusion and bailouts. Is it worthy to note that they have not done any of the things the fed has talked about this week. The 85 billion to bailout A.I.G. has not come forth, (they can’t find the cash) The purchase of the bad debt from the banks has not happened, so far it is just talk, and yet the markets turned around. Perchance I am crying WOLF, time will tell. No bank has ever cave me a dime unless all the paperwork was in order, why should I believe the fed and the goverment will do otherwise. Just ramblings of concern. How will the markets react should they come out Monday and say sorry we just can’t take all that on?
The markets, after huge rallies the past 2 days, and up over 100 points Tue, are where they were a week ago