Wednesday, April 22, 2009
Plink Plank Plunk...
The market was overextend all day and closed the gap at the very end. The futures pointed to a lower day and while the market was propped up artificially for most of the day, GS couldn't hold it into the close as the sheer volume of sell orders overwhelmed their trading programs. This is not the way healthy markets act.
Subscribe to:
Post Comments (Atom)
I haven't heard the Rs talk in the last few years about making the economic pie larger! Do you think that adding employment, even at government expense, won't reduce welfare and entitlement spending, raise taxes from those now earning an income, lower the deficit from less entitlement spending and higher income and sales taxes, and in the bargain reduce crime by employing people for several hours per day so that they would not have as much time to cause mischief? Very shortsighted on their part!
ReplyDelete