
from the WSWS: In the aftermath of Friday's emergency action by the Federal Reserve Board to prevent the immediate collapse of the Wall Street investment bank Bear Stearns, US and global markets are bracing for signs that other major US financial institutions will similarly implode.
There's the opening bell. How're the markets doing?
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Be prepared for the Plunge Protection Team to protect the Golden Goose. But it won't do them any good. There'll be Goose for Xmas...
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When prices go down, there is a buying opportunity, if the company is sound.
if the company is sound.
That's a Big If...
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Further...You have to look at the underlying economy. What's happening? Expanding, contracting, stagnating? Then you have to ask yourself: Does the stock market really have a good reason to keeping going up at this point?
As I see it...It's all on Life Support. Government intervention was too little too late, just like under Hoover. In my humble untutored opinion, that is.
But, what do I know…? I'm just a rank amateur…
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Panics, manias and crashes. Dat's Krapitalism…! [Applause.]
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In Re: your avatar.
Looks like Trotsky. He had a nice vacation in Mexico City.
It was a good vacation. While it lasted...
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