Dow's record breaking gains: http://news.sympatico.msn.ctv.ca/abc/home/contentposting.aspx?isfa=1&feedname=CTV-TOPSTORIES_V3&showbyline=True&newsitemid=CTVNews%2f20081013%2feconomy_monday_081013
Wall street has been pretty volatile with it’s ups and downs lately but the bottom line is that when the economy is slow, banks have to reduce interest rates which is not a bad thing – for us. http://ap.google.com/article/ALeqM5ioHc80xKMiATnqCpK0cDKJzk_nPQD93MON0O0
"We've changed the structure of things in a way that will not support a borrow-to-buy type of environment." Well that certainly is not a bad thing. AIG got into trouble by insuring high risk stocks. All it’s other portfolios were fine. Dumping tax dollars into the stock market is just plain insane. Buying on margin is what created the stock market crash and the great depression.
BTW did ya see where AIG spent it’s bailout money:
http://www.financialpost.com/most_popular/story.html?id=866284.I said it before and I’ll say it again, the stock market is driven by fear, greed and speculation. A Jedi concerns himself not with these things.
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