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Monday, September 29, 2008

Stocks Do The Limbo

Anyone care to explain how Wall Street reacts to its $700Billion bail out plan, with stock value continuing to plummet.

This is a little creepy, not only will our publicly held assets as in the US Treasury be decimated, but so will our own individual assets as well.


CNN: Big drop seen on Wall Street
Stocks were poised to fall Monday, after a series of major bank bailouts in Europe, as Congress gets ready to vote on its own bailout plan for the finance industry and banks engaged in a bidding war over Wachovia.

2 comments:

Glynn Kalara said...

Let em fall. The plan sucks it's just an invitation for an even worse crash up ahead.

Jim Sande said...

We will know in a short time what's what.