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you must understand that the propping up of the economy is only propping up of the big players (read goldman sachs) and there really hasn't been any propping up of the working class. what is in store for the working class is higher taxes to try to keep up with the interest due in this propping up effort. we haven't even begun to pay the piper!
You must understand that a lot of that money was given in the form of loans. The U.S. has a history of collecting it's debt from corporations. So you really don't know what the real bill will be.
Yesterday the Dow was down over 125 at this same time.
By end of the day, it was only down by 39.
I can live with that after watching it rise 1,500 during the past 4 weeks.
Anotherwords, it was down?
Prediction, market will stay flat, under 8,000 dow, but will pass the 8,000 mark and stay above it around the 17th or 20th of April, primarily due to a banking rally..
Yesterday the Dow was down over 125 at this same time.
By end of the day, it was only down by 39.
I can live with that after watching it rise 1,500 during the past 4 weeks.
My point is there is little rhyme or reason to it, however some seem to find that an up day means times are getting better and ignore down days or the downward trend...
Take a look at the graphs below and tell me what the trend is....
Prediction, market will stay flat, under 8,000 dow, but will pass the 8,000 mark and stay above it around the 17th or 20th of April, primarily due to a banking rally..
Nothing to do with last minute contributions to IRA's which are due by 15th?
My point is there is little rhyme or reason to it, however some seem to find that an up day means times are getting better and ignore down days or the downward trend...
Take a look at the graphs below and tell me what the trend is....
Nothing to do with last minute contributions to IRA's which are due by 15th?
No, I think thats what could be whats boosting it now.
I'll hold my reasoning for the date until such time to see if I'm correct.
I would hate to post a reason, only to have someone take the reason and act upon it and lose money. The dates are specific enough (17th and 20th) to hold my feet to the fire and after the tax contributions are due.
And what of the decline over 3 months...and 6 months...and the incredible drop in the past year???
Simple answer .... Bush is no longer in charge.
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