I thought the WaMu news was actually good for the economy. No FDIC failures. No treasury issues. It seems a lot of the problems stemmed around Wamu finding a suitor.
The market is down because congress cant decide on a bailout plan. Is the indecision by congress something we haven't ever seen before? People should be happy we aren't spending 700 billion on another big bailout. Better for the US dollar and the economy. Good Luck longs. The end/bottom is near-er.
0 comments:
Post a Comment