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Stay away from those..agree with TKC...
Posted by Dave B 89 900s Auto (more from Dave B 89 900s Auto) on Sun, 21 Sep 2008 07:48:15
In Reply to: Re: OT: Horrid stock market: Time to buy or wait?, turrbo [Profile/Gallery]
, Fri, 19 Sep 2008 21:38:08
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Don't expect FNM or FRE to get over $1. Stay away from LEH & AIG.
Most of this upmove is short covering, which the Fed & SEC has suspended for 30 days; a terrible move; is this still a free market?
The 700 billion Bush, the Fed & Paulson are seeking has to be approved by Congress next week. It probably will, but there is still a slim chance it won't. The Fed already bothced the rescue of FNM & FRE basically securing foreign interest as senior debt holders; the US taxpayers will pick up the tab eventually as well as the 700 bil on tap.
Not to sound political, but the Bush era has taken the national debt from 6 trill to 11.5 trill. Unbelievable. It's skyrocketing! Every Republican administration, has taken the National debt much higher. To put it in prespective, Reagan has increased the national debt by a higher percent than the previous 6 presidents before him!
As mentioned in my other post, yea buy now, it's a sucker rally, but be nimble.
posted by 63.19.17...
Posts in this Thread:
- OT: Horrid stock market: Time to buy or wait?, Caarma , Wed, 17 Sep 2008 23:11:37
- Re: OT: Horrid stock market: Time to buy or wait?, turrbo , Fri, 19 Sep 2008 21:38:08
- Stay away from those..agree with TKC..., Dave B 89 900s Auto, Sun, 21 Sep 2008 07:48:15 <-- Viewing This Message
- I just dabbled a bit with a couple of grand, Caarma , Sat, 20 Sep 2008 10:28:22
- Ah yes, the young and the brave....., TKC, Sat, 20 Sep 2008 06:20:39
- 400 point upmove today should take the Dow to..., Dave B 89 900s Auto, Fri, 19 Sep 2008 02:36:49
- Now is not the time............, Herb Hirsch , Thu, 18 Sep 2008 15:56:54
- Better question is how and when to get out and, steve, Thu, 18 Sep 2008 10:18:26
- Sit tight, things are still all over the place...., TKC, Thu, 18 Sep 2008 06:19:26
- Re: OT: Horrid stock market: Time to buy or wait?, EGD , Thu, 18 Sep 2008 03:34:06
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