Friday, October 3, 2008

After the Bailout, it get any better?

People may say sell into rally. I think no one believe in a recession holding stocks are a better option. These 5 years the stock price rally so much. It will be very very abnormal it never drops 50% according to history. This time cannot be different.
While i has much respect for Warren Buffett but the ways he calls congress and the way he backstabs his wife for leaving him for another man makes me thinks he is not
so smart after all. He no need to publish book to tell everyone his dead wife betray him. Everyone with some brain power already figure out that a very long time ago. I can only say he forget about the Solomon Brother mess he get into again.


From Paul Krugman:
Has the bailout already failed?
OK, I know that’s premature. And I place no weight at all on the fact that the Dow plunged after the vote.
But it is interesting that short-term Treasury yields are down — only 0.13% on one-month — suggesting that the flight to safety continues unabated. Against this, John Jansen reports some signs that money markets are unfreezing, slightly.
We’ll learn more next week. But I have a prediction: well before January 20, Congress will be asked to vote on bailout 2.0.

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