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Sunday, October 12, 2008

What Is The Stock Market Saying

The market obviously dosent like Paulson's orginal bailout proposal. It was after Congress passed the bailout that the stock market caved in. Its foolish to think that giving betters back their money after making losing bets that the economy will improve. Paulson's new idea of stock ownership in the banking industry is a better idea but may not help in the long run. Its proably better if the economy just went into cold turkey and then started over fresh ,locked and loaded ready for bear. Because if a Rick Wagoner still has his job after this is over then the whole process was a complete failure. Recessions and Depressions wash out the shit like Wagoner and like that there really a new begining. Gm will never make a comeback just as long as Wagoner is chairmen or involved with the company.
What does the sudden collapse of the market mean for the average person. In six months it will hit and the effects will be job loss and maybe a lot worse.