Sharing With My Foolish Friends
One of the benefits of CAPS is the ability to share personal info with other members to help them with things they might not know or otherwise be able to discover about the companies they might be considering investing in. Here's one from me today:
I got some "junk mail" from Capital One, asking me to phone their 1-800 number to discuss anything with them that I would like regarding my credit card (me already being a Capital One customer). Long story short, after months of me trying to get my interest rate lowered to no avail, they've gone proactive trying to keep their customers happy (finally). They enrolled me in a cash back rewards program, as well as lowering my interest rate by 5%. Frankly, they could've done better than that, but it's a start. Sounds like they know something is about to hit the fan and they're doing their best to minimize the damage.
The other things I wanted to mention and ask those more educated than myself are:
1) What happened today that send all the fertilizer stocks plummetting? What did I miss?
2) What do you think will be the short/long-term ramifications of the market if (or when) this new bail-out package passes?
I'm guessing that it will take off and rally for a couple of weeks, and then sputter and languish for 12-24 months minimum.