Saturday, September 6, 2008

Monday! Monday! Monday!

On Monday Monday Monday things will Happen Happen Happen

The DOW ended Friday on a small plus and the NASDAQ ended on a small minus and just because early in the morning things were going way down and later in the day things got a bit better does not mean markets have “rebound”
It would be better to say that the market stood still.

But none of that really matters because on MONDAY the 8th, the same day Terminator the Sarah Connor chronicles starts is season 2 premier, the market is gonna go way down, because it is almost certain that the US Government will bail out Fannie Mae and Freddy Mac, and this will of course force a sell off of different stocks, mostly banking stocks because who knows, maybe other banks will get the same treatment.

So on Monday I believe that the markets will go way down, but perhaps this will be a sign that if you have enough money you will always be bailed out and the market will go up because the big boyz can't lose.

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