When the price is right the money will be there... HUH!
Date: 3/9/2009 5:22:15 PM ( 15 y ago)
Where are we now? Why are (we) the government, bailing out companies which could be bought out right for far less than the bail out amount? It looks like a " If you scratch my back then I will scratch your back" ploy to me! The main problem is they {the Politicians} are using other (US Tax Payers) peoples money to feather their nest...
"It is always easy to give away someone elses money!" a True-ism March 2009
Read and see where the real market should be now...
Prior to the ultimate bottom of the bear market during June and early July of 1932, volume on the NYSE contracted to around 1 million shares a day. On July 8, 1932, the Dow sunk to its final bear market low of 41.22.
Soon as the Dow passed that low, Business started invest in repairs and upgrades; then volume on the NYSE suddenly soared to 4-5-6 million shares as the market surged higher. A new bull market had started amid the Great Depression. At that time, nobody had any money. The nation was broke. And yet when the market following July 8 turned from bear to bull, volume exploded. The market in its amazing wisdom, immediately recognized the turn. And from a "broke America," money poured into Wall Street as volume on the NYSE surged. I always wondered where that money came from – wasn't it remarkable – and it is a lesson I'll never forgot.
"When the price is right, the money will be there." a True-ism
• What does the bottom of a great bear market feel like? This gives us a clue... Get ready for an upsurge; unfortunately the government is getting in the way once again and not allowing the free market to work...
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