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The bailout is going to go through so that bounced financials back which in turn pushed the DOW up. It will come down again on continued bad news and more good money after bad is not going to solve the underlying problem.
Obama being a continuation of Bush is not very comforting.
If you didn't like Bush...(I did like him!)....remember that with Obama it will be a roller coaster ride!
I expect a substantial drop in real estate and stock prices for the next two years as the markets figure out what the real value of things really is. Then we can go on with a save and invest instead of a borrow and spend economy.
I expect a substantial drop in real estate and stock prices for the next two years as the markets figure out what the real value of things really is. Then we can go on with a save and invest instead of a borrow and spend economy.
That would be nice but I expect inflation to be the order of the next few years. The Fed piled up wood and lit the fire. We should feel the heat sometime soon before hyperinflation burns up the economy.
I expect inflation... A tidal wave of influxed , borrowed money is just going to make things worse.
*Gold*
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