January 22, 200818 yr Why tomorrow?All of the world markets were sharply down today and Dow futures are trading way down. The market will open sharply down, after that it's anybody's guess.
January 22, 200818 yr It needs to correct and the Fed stay out of it. If not we will never really get out of this funk....
January 22, 200818 yr Author It needs to correct and the Fed stay out of it. If not we will never really get out of this funk.... It needs a huge portion of the population to stop being allowed to spend what they will never earn...
January 22, 200818 yr It needs a huge portion of the population to stop being allowed to spend what they will never earn... Agreed.
January 22, 200818 yr Watching CBS morning show and they said the Japanese market fell 18%. That's not a good sign. Can't wait to watch my stock today....:mad:
January 22, 200818 yr Today's reports from Bank Of America shows profit's dropped 95% last quarter as well. At least they made a profit, others will not. Thats 5 cents a share now, it was $1.16 last year at this time. Time to buy? Plus the Treasury Secretary is urging Bush and congress to agree on something quickly to boost the economy and calm the market.
January 22, 200818 yr Plus the Treasury Secretary is urging Bush and congress to agree on something quickly to boost the economy and calm the market. I agree. I have summer sports camps $$$ due soon and could use several hundred extra to pay for them. On a serious note, wouldn't this be a great time to push to make the Bush tax cuts permanent?
January 22, 200818 yr The Fed just announced a 0.75% interest rate cut. I don't recall the last time rates were cut so aggressively in one action. Prior to that, DJIA futures were pointing to a 500+ point lower (-4.5%) open in trading.
January 22, 200818 yr Watching CBS morning show and they said the Japanese market fell 18%. That's not a good sign. Can't wait to watch my stock today....:mad: The 18% drop is year to date. The Nikkei 225 fell 5.7% yesterday. The Sidney and Shanghai exchanges were both off about 7%. The Hang Seng is down 22% YTD.
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