we want to see a nice retest.....
Wouldn't you think the bears were all in???.... Of course, the day traders, after exiting in the morning like yesterday, may look for a new place to crush the market..... and ... Like maybe at the fed meeting.
But I tell you... Not that I thought we were going to crash.... but it seems like we are not going to crash....
Maybe it has to do with AIG
Tuesday, September 16, 2008
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4 comments:
I don't think anything matters until we know two things:
1. Will AIG fail?
2. What will the Fed do with rates at 2:15 pm
Hi Chuck,
Not that it helps me make money....
but, I want to see AIG FAIL,
I want to see the Fed not cut.
and I want to see the market fight it off.
I say the training Wheels are off, and we learn to ride a bike.
:)
But I tell you , sentiment is higher... could be a turn.
CNBC: "Sources close to the situation said a private sector solution to AIG's situation is definitively dead."
http://www.cnbc.com/id/26737942
"A bailout by any other name..."???
I'll put odds that there won't be a bail out, by the fed/Treasury.
I keep suspecting that they are coming to terms that the bailouts, aren't getting these companies to do what they need to do.
A second Failure, could make it clear to these people that they need to take their medicine.
Sure would be nice if it happened next week.... We could all use some rest, and reflection.
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