To: tioga
No deal = Dow down 1000-2000 points on Monday, markets plunge another 20% in the weeks ahead, credit markets freeze the world over, massive job layoffs, general disaster.
Deal = Dow rockets 500-700 points on Monday, market continues to recover in the days and weeks ahead, credit markets start to move again, housing bottoms at some point, and economy begins slow recovery.
Not much of a choice at this point. Conservative principles have to take a temporary back seat to the rescue of a half-dead financial system.
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Please God let it be so. Amen.
“Please God let it be so. Amen.”
It’s not just us.
Fortis in Europe is on the ropes and more problems in the UK.
Like someone said years ago - “When the U.S. sneezes, the world catches cold.”