Well, just when you predict the stock market is going to do one thing, it does the opposite. So instead of declining severely today as I had thought last night, it gained over 400 points, bringing it back over 11,000. Apparently, the global central banks were pouring in 'liquidity'--printing money--to 'lubricate' the credit system and increase confidence.
So, you never know. But as someone said today on NPR, "we're only about half way through this." In other words, any worsening has been delayed, but 'the fundamentals' are still fundamentally weak.
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