[palmer]

will only delay the inevitable.

But what an awesome ride that delay is! almost 800 points in two days. I'm a little more optimistic over Paulson's $500B plan to buy junk securities and sell them "later". All he has to do is make it $5T or perhaps 50T and we'll be all set (until the next credit bubble).

[politicket]

But what an awesome ride that delay is! almost 800 points in two days.

True, but if you look at all of the various signals from today you can see that the financial pros aren't buying it. They are simply along for the short-term ride that was inevitable since the U.S. government is "guaranteeing" the financial funds and the SEC banned investors from shorting any financials. So much for an "efficient" market!

[FlyVet]

As Jerry Doyle said yesterday,

"I absolve you of your sins, now go and sin some more."

I remember when I was younger and dumber, and thought those in charge were the best and brightest. Now I see they are the corruptest and stupidest.