........And I Can't Get Up!!!!!! I know that somewhere down there is a bottom. Isn't there?? Somewhere??? C'mon guys.....there has to be one somewhere.....anywhere. Just when I was starting to think that everyone on Wall Street had realized that the news that keeps coming in every day (the bad stuff that is) is basically what we have all been expecting for months, they decide to pull the floor out from underneath. Now I can understand everyone freaking out over the proposed release of the next wave of bailout money but come on, did we really think that Congress would worry about how they were going to monitor the money BEFORE Obama asked for it? And why are they acting so surprised about company reportrs being released showing losses........with the exception of the idiot from Satyam, you knew they were coming, you knew months ago that they were coming, heck, you even predicted that they were coming. So please finally deal with reality and pull your heads out of that black hole behind you and chill out. Everybody on Wall Street needs to step back, take a deep breath, and relax a little. Americans have always bounced back from a variety of diverse crises, as we will with this situation. And Congress...........STOP "HELPING?".........look at what it's gotten us so far. [more]
Can we all say Rollercoaster!!
If there is one thing that I have learned in the short time that I have been here is not to hold your breath. Heck, you can't even blink twice without missing something or the market taking a sudden turn up or down. But with that said I will bask in the glory of achieving a rating of over 90.......for the time being. While I am sure that it will be short lived with the volatility of the market nowadays, it is nice to see. Now if I can only transfer this into my portfolio......:-). [more]
The foreign markets appear to be looking up this morning. Hopefully a sign of good things to come this week. I was a bit surprised by something that I had seen while surfing the markets this morning. Apparently the government has decided to give AIG another bailout package (guess AIG needs to go on another trip somewhere). And this after Wachovia took a $6000.00 golfing trip. At this point I think that they should let the chips fall where they may. It looks like it may be time to weed out the bad apples in all this..........it may hurt more in the beginning but I think that the economy would be better in the long run if they let the corrupt fail and disappear and allow the corporations that are trying to make a moral go at it flourish. But what do I know......I'm just one of the "people" that the government is supposed to be for. But with all that said, I'm looking for an up week on the market. [more]
Been watching the CAPS for a while now and have taken the plunge into....................not sure what yet. If nothing else I might learn a thing or two. Other than that I hope to have some fun with this and even test a few of my long shots in here before I decide to buy.