Deal = Dow rockets 500-700 points on Monday, market continues to recover in the days and weeks ahead, credit markets start to move again, housing bottoms at some point, and economy begins slow recovery.
Not much of a choice at this point. Conservative principles have to take a temporary back seat to the rescue of a half-dead financial system.
so is Acorn still getting 20%??? that is SO wrong.
I mostly agree, but there is a third possibility:
Deal = Dow down 1000-2000 points on Monday, markets plunge another 20% in the weeks ahead, credit markets freeze the world over, massive job layoffs, general disaster.
To: tioga
No deal = Dow down 1000-2000 points on Monday, markets plunge another 20% in the weeks ahead, credit markets freeze the world over, massive job layoffs, general disaster.
Deal = Dow rockets 500-700 points on Monday, market continues to recover in the days and weeks ahead, credit markets start to move again, housing bottoms at some point, and economy begins slow recovery.
Not much of a choice at this point. Conservative principles have to take a temporary back seat to the rescue of a half-dead financial system.
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Please God let it be so. Amen.
Deal = Dow rockets 500-700 points on Monday, same on Tuesday, possible up throughout week. New week begins - liquidity slowly begins to head south again.
I'll wager you lunch my FRiend.