Tuesday, February 10, 2009

The $2 Trillion does nothing good


2/10/09

I often keep saying that if the troubled banks are not nationalized, it will not solve this mess. Also, today the new bank bailout plan sounds like good story telling. However, this does not provide the details on how to remove the bad assets, rebuild or restore frozen credit market. Technically, today is showing very bad bearish mode. If no rebound tomorrow at the opening hours, watch out below....falling floors....7000 for DOW....6000....5000. Not yet, not yet. Let see tomorrow market action. It seem my bearish mind always keep me win. Oh, let share how DOW been losing points for recent months:

Jan 30, 2009! Down 775 points for the month!

Dec 31st, 2009! Down 53 points for the month.

Nov 28th Down 496 points in November

October 31st! Down 1526 points in October.

Sep 30th! Down 692 points in September.

What would happen for this month?!

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