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Originally posted by grimreaper797
Originally posted by Wise Dome
The bailout didn't do anything but freeze the market.
People are not spending their capital if there's 700B out there. This is a FREEZE because we are covering the losses of companies with this nonsense.
The epic failure of logic in this statement is simply staggering.
First, the 700 billion isn't "out there", its a promise of 700 billion dollars to buy up assets. There is a freeze...because we are covering companies losses? Do you even read what you write?
The banks freeze up because they have these bad assets...then you say they are freezing up because we are going to take those bad assets off their hands? Honestly, are you really reading what you write?
Originally posted by loam
As a matter of percentage, the market is now lower than last week's 777 fall.
:shk:
Originally posted by grimreaper797
The epic failure of logic in this statement is simply staggering.
First, the 700 billion isn't "out there", its a promise of 700 billion dollars to buy up assets. There is a freeze...because we are covering companies losses? Do you even read what you write?
The banks freeze up because they have these bad assets...then you say they are freezing up because we are going to take those bad assets off their hands? Honestly, are you really reading what you write?
Originally posted by mybigunit
Originally posted by grimreaper797
The epic failure of logic in this statement is simply staggering.
First, the 700 billion isn't "out there", its a promise of 700 billion dollars to buy up assets. There is a freeze...because we are covering companies losses? Do you even read what you write?
The banks freeze up because they have these bad assets...then you say they are freezing up because we are going to take those bad assets off their hands? Honestly, are you really reading what you write?
$250 billion was available immediately and that is on top of the over 1 trillion that has been poured into the system by the FED. Face it this bailout was never about unfreezing the credit market or saving Joe sixpacks 401k. This was a bank blackmail and since it was passed the market has fallen over 1000 pts and Im sure it will be close to 2000 or more when its all said and done. But I will say Im not totally pessimistic I am starting to do a little more shopping on these nicely discounted goods.
Originally posted by netwarrior
I hate being right. I made a prediction several months ago that interesting things were going to happen when the dow went below 10k.
It appears that I was not mistaken.
Originally posted by princeofpeace
The bailout package wasnt designed to take effect immediately. Just because it was passed didnt mean it went into immediate effect. In fact some of the first monies involved with package wont be available for weeks. A lot of people on here act like this money has already been distributed to the banks.
Originally posted by tide88
Luckily I am sure a lot of people got out of this long before. The money will also be made back. There are some real solid stocks you can buy today that will surely rise in the future.