While it does seem unlikely I still think that a small rally will take place tomorrow Tuesday September 30th. I don’t think it will last all day I just don’t think that everything is going to fall apart by tomorrow evening. As I wrote a few days ago I’m still not confident at this point that the market is going to make it to the election. Many people online agree and it seems that news sources outside the US see an economic collapse as imminent. Even if the bailout would have passed I doubt it would have done anything to change the course of events we currently find ourselves upon.
Entries tagged as ‘Collapse’
777 points — the largest point drop ever…Expect A Small Rally.
September 30, 2008 · 1 Comment
Categories: Financial News · Kansas City News
Tagged: 777 points, Bailout, Civil Unrest, Collapse, Depression, Economy, market, Martial Law, Stock Market, Troops
Why Did Bank of America Buy Merrill Lynch?
September 16, 2008 · Leave a Comment
Great Interview on Gleck Beck with Peter Schiff. Discussion includes why the dollar will fall and an interesting theory on why Bank of America bought out Merrill Lynch.
Categories: Financial News
Tagged: Bank of America, Collapse, Depression, Dollar, Economy, Merril Lynch, Peter Schiff, Reccesion
