Amerika?

I do not think this is what Neil Diamond had in mind.


Like the popular girl who is secretly a bulimic, the market is binging and purging itself.


Stocks pull back as investors take profits after government plan to buy stakes in US banks

The market really went all out even before it was announced that the Federal government was going to impregnate the banking system with more money.





I have be honest, when I first saw that graph this morning, I felt a tinge of regret that I should have bought when the market was getting crushed. However I realize that we are going to be in for a lot of chop in the next couple of months so there will be plenty of buying opportunities out there. When in doubt, don't.


Paulson Says Banks Must Deploy New Capital


“The needs of our economy require that our financial institutions not take this new capital to hoard it, but to deploy it,” Mr. Paulson said, who offered some details of the plan along with the Federal Reserve chairman, Ben S. Bernanke, and the chairman of the Federal Deposit Insurance Corporation, Sheila C. Bair

I don't see banks hoarding but I do see them using the funds to plug up the leaks on their lending system. That means getting rid of their foreclosures and any garbage in their systems.

Who am I to argue with a Nobel Prize Winner? But I do feel like there is a bit socialism in this plan. However I think the banks are going to come ahead on this one either way.