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MRM MRM is offline
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Join Date: Aug 2000
Location: Palm Beach, Florida, USA
Posts: 7,713
I was going to post that it was going to turn around quicker than expected but I just heard that JP Morgan is buying out Bear Stearns for $2 a share. A week ago that was a $70 stock. A company's value almost totally gone.

When things are bad they are usually better than it seems. And when things are good it's almost never as good as it feels. Still, it looks like we are in a liquidity crisis that is going to hurt for a while. Inflation is going to hit by this fall when the stimulous money is received and spent. Interest rates will have to rise to counter inflation and stabilize the dollar. Rising interest rates will put downward pressure on the economy. It's not the end of the world, but it's going to be tough going for a while.
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MRM 1994 Carrera
Old 03-16-2008, 06:12 PM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #16 (permalink)