francisfinley
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are you all as dumbfounded as i am on today, its utter sheer bloody madness. FTSE has only just turned on.
The US government has taken temporary control of troubled American mortgage giants Fannie Mae and Freddie Mac in the largest state bailout in history.
Having said all that I still see the DOW at 13000 by end of year. Time will tell... :whistling
Fundamentals of US economy will get worse with bailout of freddie and fannie, but it's a situation where you're "damned if you do, damned if you don't."
The lenders default, banks default, banks default, people pull out their money and boom depression.
The bailout should save the US a few $$.
I call a down day tomorrow. Just a guess though.
I call a down day tomorrow. Just a guess though.
Markets were slightly up today, but very choppy.
No profit here, but I'm keeping on guard!
How's everyone else doing?
I'm still looking for my compass.
I'm still looking for my compass.
I will give you some pointers and directions.
Due to the bailout of the 2 LARGE Conglomerate, the US market is heading for the rough seas! You know when a company declares a dividend, its share price dip?!
But in this case, the Fan and Fred are just empty shells! So, can these companies be worth anything at all? Not really, so if the US gov did not change the 2 companies when they supposedly TAKE OVER, then it will be like taking on more debt!
Buying in the companies at the expense of the state and its people! Short-term wise, a straight plummet! A weaken US dollar as well .......... So, Forex chaps can try shorting and well as the indices chaps!
And also ......... long term wise, there will be weakness in is financials and banks as no investors would be rushing in and many would rush to exit ...........
The Fan and the Fred - they are NOT TOO LARGE to go bust, really.
US Fed gov is taking on more than it can chew here, on this. Should have tkane half the Fan first ........... taking short steps ...........
Sad, but 90-100 per cent ............. A REALITY.
S K
.......should have taken only half of FANNIE MAE.
A sad but TRUE picture of the US financial scene.
S K
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Hi there
Be the One for GOD, so that I may appoint a deliverer for thy SOUL!
HariHaraBramKalki(S K)
360.yahoo.com/cu20052003
The only thing you need to know, is where to find South
that's as long as we don't have a higher low now with a rally which goes higher than 11860, before we turn back down.