Waiting for a Plan!

Government

Waiting for a plan might not be the besting thing for the market. The Markets have rallied because they believe that Congress will come together with a new plan in a short period. The market will hope that something will get passed within the next 24 to 48 hours, or at the very least, before Monday’s start to the markets.

 

However, with the rally today, congress members who where against the bailout bill, will be hardened to the fact that the market has been so resilient. Their speeches, comments, interviews will point to the fundaments of the market. How one day the Street can drop 777 points, only to recover the next day to reasonable gain.

 

Some will ask, does the market really need a rescue or are the fundamentals so strong that the market place it self will correct any damage done. Others will say that the market has spoken, and it told us the bailout plan is fundamental bad. It is because the plan was rejected of that the markets have rallied, and will continue to do so, as long as they battle to protect tax payer’s dollars.

 

Although I have my own personal views on the bailout plan, and the funding needed for such a plan to truly work, my focus remains on seeing some real leadership come out of all this. I have not yet lost hope. Even FDR did not get it right the first time.

 

The interesting outcomes of this crisis will be the culturally ramifications of economy on the worlds population.  We will continue to have an attitude of we disserves everything, or will be learn to wear the same jeans for longer then 2 months.

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