It could be down a thousand. The market no longer believes in easy money.
The fed needs to show its support of free and sound market, with market incentives (i.e. tax cuts) being put on the table right now. And someone needs to put a freaking muzzle on Barney Frank.
Can't believe the term "bank run" is acutally being used.
>> with market incentives (i.e. tax cuts) being put on the table right now.
Bush tax cuts PERMANENT would be a good move, yes. Corresponding spending cuts would also be good. Pork moratorium WOULD’VE been good, but we elect idiots to Congress for the most part.
>> someone needs to put a freaking muzzle on Barney Frank.
Totally agree. (He might even like it, you know. I hear he’s into that perverted stuff.) His nostrums for the mortgage industry would be an unflagging disaster.
>> The fed needs to show its support of free and sound market
FREE and SOUND markets over the long haul don’t involve government favors or bailouts. Is that what you mean?
Northern Rock