Paulson is getting half what he asked for with a vague "maybe" on the other half. Will that be enough to rally the market? Maybe, but even if it is seen as a dramatic enough action, it only gets us back to where we were. ie: Faltering economy with spiking energy and food prices along with an inflation rate which is at best, alarming. Earnings are sure to come down, over-all, and the housing mess is years away from calm, even in the best scenario. I think that for equities, it isn't going to be easy but as traders, it is going to be a time to make a great deal of money on short term trades. Buy and hold, (investments), will only be for my IRA accounts. Let's be nimble and play the momentum.
Bob
On Sun, Sep 28, 2008 at 1:15 PM, Ben
<profitok@xxxxxxxxxxxxx> wrote:
Now ...will it matter ? Or is the economy too weak...are we going to have a buy the rumor sell the news as so often happens on Wall Street or will this takeoff and never comedown ?
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