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November Rebound
-R-
idk..lackluster holiday sales results will not help the stock prices of current retailers.
but then again their prices are already low and presumably incorporate the expecatations of low holiday sales, so if they beat estimates, they might go up.
but i doubt we're going to see the winter 2006 market levels.
I would not be surprised at all to see the DOW go below 7000. We're down most days and then every once in a while value investors start buying and give us a little rally.
I see no reason for a rebound anytime soon, especially with how terribly this whole TARP thing has been handled. Not to mention the inevitable hyperinflation that's coming. Better hope the value of the dollar stays somewhat intact.
I like a lot of what Peter Schiff says about the future economic plan in our country. He's been right through this whole recession and his thinking certainly makes a lot of sense, even if he seems a little extreme to some. This video was before Obama was elected, but it still holds, as it assumed he would be.
Schiff also makes the two anchors look like idiots. Listen to Erin Burnett at the end. "Gold has no inherent value, like oil does". Schiff says "No, you've got it backwards" and looks at her in shock. Good stuff.
Is she being serious? Mark haines is also a babbling idiot I cant stand watching cnbc
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