Wednesday, October 8, 2008

Feds cut rates to 1.5% SO WHAT !

Is cutting the interest rate going to bail us out of this financial crisis? No.

It looks good, I sit here and watch the S&P and NASDAQ going up about $1 every 30 seconds. This is just the market rallying.

Look at Asia, stocks plummeted.

2 TRILLION Dollars of pension fund investments lost. wow.

It's 9:53 and the dow is up 162 points, whoopie, we're saved, NOT.

We are in for long, hard times. We are truly becoming equal with the rest of the world.

I feel the dow will close down 100 points today. I think people are just rushing in to buy cheap stocks but at the same time, as the price of other shareholders stocks go up, they will sell creating this roller coaster effect.

Let's see what happens today.

No comments: