WE are at levels seen at 2 other peaks, this one looks to surpass the previous 2 extremes.
claims of "bargain hunting for rally
• Stocks stage huge rebound as investors bargain hunt (yhoo finance)
DETROIT (AP) -- Chrysler Chief Executive Bob Nardelli says his company will have a difficult time making it through the economic downturn without federal aid.
WASHINGTON (AP) -- The federal government began the new budget year with a record deficit of $237.2 billion, reflecting the billions of dollars the government has started to pay out to rescue the financial system.
The Treasury Department said Thursday that the deficit for the first month in the new budget year was the highest monthly imbalance on record. It was far bigger than analysts expected, over four times larger than the October 2007 deficit of $56.8 billion, and more than half the total for all of last year.
The Treasury Department said Thursday that the deficit for the first month in the new budget year was the highest monthly imbalance on record. It was far bigger than analysts expected, over four times larger than the October 2007 deficit of $56.8 billion, and more than half the total for all of last year.
**SO.....we are to believe the worst is over, bonds got sold hard today....trading in for some good ole American stocks......some of my buddies feel by NOV 22nd....being long might be extra painful
D
2 comments:
Sorry, I didn't follow the significance of Nov 22?
SOrry, it was in reference to article I read by MCHUGH....was a "phi turn date" he sees a bullish wedge forming... there is some cause for optimism....I am thinking if today ends weak...there is another stab down to test...there is Presidential Cycle bullishness around this time frame to yr end....not a given.....8th terms bring optimism for change....but most appointees have been EX CLinton people...
D
Post a Comment