9/16/08
Major indexes are rallying 10 mins after Fed kept the interest rate unchange. Also, with huge trading volume, today probably is the mid-term bottom. Of course, technically, it needs follow thru day tomorrow to confirm this signal. However, with the bail out news of AIG, it looks very likely the market would jump at least 200 points tomorrow. Speaking of AIG trouble, Fed has failed again by not bailing it out at very first on Monday. Very sadly, we have lier in Treasury or in US government that keep putting taxpayers money at risk. How could AIG, FNM, FRE will ever repay the loan to US?! AIG's liabiliy is more than $1 Trillion US dollars. Now, we all americans in debt of near $16 Trillion( $10,national debt, $5 FNM & FRE's Liability, $1 AIG's book) to 3rd world countries. By then, US is going from developed country into 3rd would places. I dare to say US is already into beginning of most severe depression that the world has never experience. Good Bye to US Dollar dominance and economic power.
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