Nov 26 2008
Dow up 1,174 Points in 4 Days: A Gain of 15.5%. Last Time we Had a 4 Day Gain this Big? August of 1932.
We have seen an unprecedented 4-day rally in the stock market.  This is rather astounding given the parade of bad news. New home sales hit half century lows. Consumer spending has fallen to lows not seen since 2001.  Unemployment claims are running at multi-decade lows.
Nov 26 2008
$8 Trillion for the Financial Bailout. Nice Holiday Gift.
As if we needed any more evidence that this financial bubble is one for the history books. Â The government has now committed the American taxpayer to roughly $8 trillion. Â We’ve already used up over $2 trillion and the risk is absolutely amazing. Â Can you believe the state of California is now a higher credit risk […]