Is Wallstreet Recovering? (Iraq, suspect, conspiracy, economy)

[Motion]

U.S. Stocks Gain on Government Plan to Buy Stakes in Banks


By Lynn Thomasson

Oct. 14 (Bloomberg) -- U.S. stocks gained for a second day as the government outlined plans to buy $250 billion in equity stakes in the nation's banks to shore up confidence...

Bloomberg.com: Worldwide

Is the economy headed in the right direction?

[bbkaren]

Nope. It's artificial. You can't just print more money to throw at this problem.

[Motion]

^
What likely problems do you expect to see later this week?

[bbkaren]

Later this week, who knows? But ultimately, this has to come crashing down.

Logic says, we can't just keep throwing money at the problem.

We needed to bite the bullet and take our punishment now rather than later, after we've put our unborn grandchildren in debt for their entire lives.

[GregW]

This is a minor pause near the top of the declining market. Don't be fooled. the market still has to drop below the final value.

[Southside Shrek]

GregW, what do you suspect the 'final value' is? Hope it is not completely down the drain value.

[Tx08]

I think they are just prolonging the situation, like treating an incurable disease. We have to fall before we can go up. They can't keep throwing money.

[Jaymum]

Originally Posted by Tx08

I think they are just prolonging the situation, like treating an incurable disease. We have to fall before we can go up. They can't keep throwing money.

Agreed! They are trying to put out a forest fire with a watering can.

[xS☺B☺s]

Wall St was never ill. The whole thing was a charade so they could take your money and hand it over to the fat cats who lost theirs at the craps table. Stocks go up and down. Don't worry, Wall St will be just fine, even better now that they got our money.



I know what you're thinking - this jerk is just a conspiracy nut, right? After all, you're government would never lie to you, now would they?