Search This Blog

Friday, November 21, 2008

The Market On Friday

It looks like the financier gods have decreed a day of reprieve from the eternal slaughter they have wielded on our assets.

We are in fiscal hell. The economy is frying in its own vicious fluids, shrinking and fading away into a speck of capitalistic mayhem. Hopefully that speck will explode yielding the equivalent of an economic big bang. We need an economic rebirth, any mythology will do, just show us some value.

Amen.

Reuters: Global stocks rebound on rate cut hopes

Reuters: Wall Street futures shoot up
Stock futures pointed to a rebound on Friday after sharp losses in the previous session. Dow Jones futures were up 3.9 percent, S&P 500 futures were up 4.5 percent and Nasdaq futures were up 3.9 percent at 5:03 a.m. EST.

3 comments:

Glynn Kalara said...

The slow agonizing deflating of a super-bubble according too a Soros article in the NY Times. Soros has basically said the phony facade of the Stock market bubble has fallen over to reveal little left of America behind it. Our Industrial base is in Asia and our work force is being replaced by semi-slave labor from So. America. Isn't this what happened too Rome if my memory serves me correctly? The only job a free citizen could get in Imperial Rome was soldier. It's been said that history repeats itself the 1st time as tragedy and the second as farce.

Glynn Kalara said...

Check out Soros on the Market / economic Crisis @ this link. http://www.nybooks.com/articles/22113

Jim Sande said...

OK will check it out