(Click pic to embiggen and feel the pain.)
And it probably ain’t over yet.
George Soros isn’t a happy camper about the future.
Will Obama’s tax cut help?
Thankfully, there is one piece of good news.
Syndicate
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Gee, thanks a lot Uncle Dave. I almost broke my finger clicking on the “Good News.”
Stock prices, for the most part, are false numbers anyway. They are not based upon a companies true value but what someone else decides they are worth. Usually, they are twisted and distorted by rumors.
#19 RTaylor
I took half my 401k out last year before the big tanking and even with the penalty and taxes I still made out better than leaving it in.
This year we are already getting bent over with real estate taxes and all the shit Obomba wants to do.
Yeah!! Change we can believe in.
Don’t worry, the economy will turn around when the DOW hits 2K and houses are affordable again.
I think there are valid arguments on both side about this government plan. Will it raise the budget deficit? Probably. Will it help? That’s a good question, and I think reasonable people can disagree on this. Economies go through cycles. I read a good article on recessions and their history on
http://recessioninfocenter.com
John C Dvorak
On Friday at about 2:15 PM the S&P bounced off the Nov low by 6 points. That was the double bottom on the chart you gave me a link to.
So does John C D back up the truck and load it down with stocks on the double bottom of the S&P 500 ?
Paddy O
Are you Hannity ?
@26 lou
Don’t buy on the bounce buy on the thud. That way you can use the printed stock certificates to insulate your home.