Wednesday, August 8, 2007

If we close in the red then that is a "failure rally"

And a failed rally is like setting raw meat out for the bears to come and get. this is now shaping up to be maybe a misunderstanding (or maybe it was no misunderstanding) on the part of the Governemnt talking about reforming Fannie Mae & Freddie Mac. Washington is sending mixed signals this afternoon on their understanding of the problem.

Thanks Mr. Bush and Treasury Secretary Paulson for your statements today. They really don't get it down there in Washington,D.C. This was a case where they should have said nothing. LOL

Now we have another full blown financial sell off.

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