posted on Oct, 13 2008 @ 05:34 AM
From what I see, all the other countries did major moves to infuse cash into the credit freeze and we needed to do nothing. This of course (and I
mentioned it earlier) has the overseas markets bouncing back, and in turn our markets will follow into the bounce today. For now...
I wouldn't be surprised if this week is all upside now, but I am not convinced the problem is solved, because ultimately they have just made more
credit, and too much credit is what caused the crisis.
The US now sits back and gets a boost in the markets - but are we out of the woods? I think not. They darn well better take this time to FIX IT.
I don't know how much more of a shell game we can take, so don't go getting all optimistic after the bounce. Do take advantage of it if you can, but
please don't be lulled into a flase sense of security, and watch it carefully.
Me - I'm not touching this market with a 10 foot pole since I have to work during the day, and I really think only experienced day traders can play
this, never knowing from minute to minute what bomb will fall next.
Best case scenario, they only have to make it look good into the election. I don't trust any of it or any of them. Pity the fool who wins the White
On the other hand IF OUR MARKETS BOUNCE AND DON'T HOLD, like the morning spikes seen in the past two weeks that fizzled, I think you all know we are
in too deep. The American people have to buy it all, and hopefully there are still enough of them to do it. I'm not one of them.
*Dying to see the Karl's Ticker tonight*
[edit on 10/13/2008 by Relentless]