The DJIA opens down 177.
"Investors in Italian banks didn't get the memo that the FOMC is saving things."
I just do not understand the fools on wall street, just what is wonderful about the united states dollar being so weak it commands no rent. If you have an truck load of it you could not get enough interest to buy fuel for the truck.
Bloomberg or Drudge (not sure which) referred to the markets as bi-polar. Down 600, up 400, today?
As I watch these huge triple digit swings in the markets, I can’t get the images of “Galloping Gertie”, aka the Tacoma narrows bridge that swang wildly from side to side before crashing.
As I watch these huge triple digit swings in the markets, I can’t get the images of “Galloping Gertie”, aka the Tacoma narrows bridge that swang wildly from side to side before crashing.
The DJIA opens down 177.
so yesterday’s bounceback was all Plunge Protection Team fakery I take it?
So Bernanke’s promise of free money for the next two years may not be enough to stem the oncoming tide!
Maybe if Bernanke offers to pay people to borrow money.....
After all - promising low, or no, interest is just backdoor Quantitative Easing anyway.
Fire up the printing presses and keep them churning until Nov. 7, 2012!