posted on Oct, 7 2008 @ 03:58 PM
Well it looks like the economic rescue bill has done little to alleviate the fears of investors. No wonder, considering the fact that the plan had
several things that would only lead to more distrust of not only the government, but also the banks. So, the "BIG" crash didn't happen today, but
can sell-offs like this be a good sign for the next few weeks.
I think as more people become aware of the wording of the bill, the worse things will get, with possible "silent" runs on banks increasing until the
banks will finally have to stop giving out money, which they can do under the new law just passed.
Gold jumped by $20, and the dollar fell -0.34 to further emphasize the exit from stocks into solid commodities, which bodes ill for the attempt to
bolster the value of the dollar.
I fear rough times are ahead, and those who care about their financial status would do well to do some research as to why this is happening.