Open Question

I was looking at blogs on Market Watch and could not believe that just about
everyone was bitterly opposed to any economic action by the congress. They
seemed like they wanted the worse to happen and seemed happy about the prospect
investors like you and I could loose all of our investments. These are the
people caling their representatives in droves. Am I the only one that believes a
solution to do nouthing is not a option?

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If the bill passes look for a temporary rally to last several days maybe a week.
Then we return to a declining market based on a deepening recession.

Several economists feel the final cost to repair the damage will run several
trillion $...

Will be interesting to see if Congress intervenes and in addition to bailing out
the automakers, bailing out the homebuilders, airlines and other sectors in
economic distress. If this occurs, our markets and capitalism will be for
naught.

Answered by T-Bird - Bookmark this User - Ignore this user
1 months ago - Report Abuse

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They're putting the country and it's future, ahead of the temporary band-aid
that the bill would create. Congress spends irresponsibly like drunken sailors
and people like me and others who are speaking out are tired of it. If you want
total safely, try a CD. And good luck fighting inflation. There's not law that
says you have to invest in America or any other country. As part of the current
Senate bill, it's politics as usual, as stated by Joe Barton of TX just now on
Bloomberg. (house rep.) They're putting in there that the bill will provide aid
for disaster relief in the mid-west. That's to buy votes of some blowhard in
some midwestern state. Has nothing to do with the financial markets. Or lending.
Politics. As. Usual. We're tired of that too.

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I'm to the point where the sun will rise tomorrow & don't care anymore. Just
doing what I have to do in this market. People like me who did what was
supposed to be done, are now paying for it. I pay all my crap on time & have no
debt. Be responsible didn't pay out. So what ever happens let it happen & so
it be. Atleast I know what direction I should be, when the event passes.
Circus in D.C.!!!

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I'm to the point where the sun will rise tomorrow

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nope i agree with you and i stand the most to gain from this market falling
being cash now

Answered by kabirm - Bookmark this User - Ignore this user
1 months ago - Report Abuse

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