With Obama's plan to buy close to one billion dollars in bad bank assets, Dow jumped up for almost 500 points. Now we have seen many jumps in Dow lately and I'm wondering if this shows that we have cleared yet another hurdle and are on our way to the finish line (read: recovery)..., or if we have merely stumbled into the center of this tornado (read: eye of the storm) and are about to see a lot worse. There have been signs of people regaining confidence (as this Dow jump also indicates) and, after all, consumers need confidence so that this "self-fulfilling prophecy" of economic recovery might come true. So what do y'all think? Are we rapidly healing or just about to step of the cliff?
Showing posts with label I just noticed that the "example labels" the blog provides me are: Scooters/Vacation/Fall. Why would anyone ever label something as "scooter"? Then again I'm not exactly using this right either.... Show all posts
Showing posts with label I just noticed that the "example labels" the blog provides me are: Scooters/Vacation/Fall. Why would anyone ever label something as "scooter"? Then again I'm not exactly using this right either.... Show all posts
Monday, March 23, 2009
...Recovery? --> Breakthrough... or Eye of the Storm?
...
With Obama's plan to buy close to one billion dollars in bad bank assets, Dow jumped up for almost 500 points. Now we have seen many jumps in Dow lately and I'm wondering if this shows that we have cleared yet another hurdle and are on our way to the finish line (read: recovery)..., or if we have merely stumbled into the center of this tornado (read: eye of the storm) and are about to see a lot worse. There have been signs of people regaining confidence (as this Dow jump also indicates) and, after all, consumers need confidence so that this "self-fulfilling prophecy" of economic recovery might come true. So what do y'all think? Are we rapidly healing or just about to step of the cliff?
With Obama's plan to buy close to one billion dollars in bad bank assets, Dow jumped up for almost 500 points. Now we have seen many jumps in Dow lately and I'm wondering if this shows that we have cleared yet another hurdle and are on our way to the finish line (read: recovery)..., or if we have merely stumbled into the center of this tornado (read: eye of the storm) and are about to see a lot worse. There have been signs of people regaining confidence (as this Dow jump also indicates) and, after all, consumers need confidence so that this "self-fulfilling prophecy" of economic recovery might come true. So what do y'all think? Are we rapidly healing or just about to step of the cliff?
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