Tuesday, September 23, 2008

Special Interest and the Stimulus Package

I realized over the weekend that the market is having trouble because the politicians can't seem to put away their special interests to finalize the economic rescue plan.

On Sunday I was visiting with a friend who wanted my views on the stock market. I told him I thought there was still trouble to come and that if congress didn't swiftly pass the stimulus package early in the week that the market would be right back down to where it was before the Thursday and Friday rallies.

Lucky guess on my part as the politicians are taking there time.

So we have given back about half (350 points on Monday and 150 points on Tuesday) so far and we are in a world of hurt for the moment at least.

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