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Tuesday, September 23, 2008

Looks like the Barney Frank rally has no legs (please refrain from the obvious!) and the market is collapsing to the lows of the day. Looks like last week's mega reversal down around 10500 will get a test over the next few days.

2 comments:

Anonymous said...

Bernanke: "Approve bailout or risk recession."

Bernanke was afraid to use the "D" word.


HS

Anonymous said...

"Bernanke: "Approve bailout or risk recession." Bernanke was afraid to use the "D" word."

That still didn't stop Senator Dodd from proclaiming the plan unacceptable. Of course, Dodd doesn't care; he'll just while away the depression in his mansion which was financed by a special deal, "VIP" mortgage from Countrywide.

Bruce