Tuesday, September 30, 2008

Wall Street: We Can Work It Out


Maybe the Beatles are on to something here. After reading the top three headlines in the Washington Post, I have an idea ...

Dow Gains 485 Points as Stock Markets Rebound
With renewed confidence that a Wall St. rescue plan will eventually pass, investors unleash bargain hunters a day after historic sell-off.

Senate to Vote on Revised Deal
Live Updates Senate leaders plan to seek a vote on a revised rescue package Wednesday night.

New SEC Rule May Help Markets
Regulators loosen "mark-to-market" accounting rule that some say exaggerated banks' losses.
Congress should continue to debate and vote down any proposed "bailout" until Wall Street corrects itself!

The market saw a correction today on just the idea there might be a bailout. If the SEC continues to adjust regulations, maybe in the end there won't be a need for a taxpayer bailout!

Hey, a gurrl can have hope can't she?

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3 comments:

Randal Graves said...

Heh heh, what an excellent idea. "If we keep on being good, we'll get a cookie!"

Comrade Kevin said...

We'll see. The market's down a bit today.

I, like you, am not in favor of any bailout but I think it's a fait accompli that something will get enacted.

Anonymous said...

Hope is always a good thing. And I still wonder how much any of us really trust the info we're getting about the urgency.