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Politics : Sioux Nation -- Ignore unavailable to you. Want to Upgrade?


To: Travis_Bickle who wrote (138748)7/11/2008 1:11:32 PM
From: SiouxPal  Read Replies (2) | Respond to of 361694
 
FRE and FNM are down large again!



To: Travis_Bickle who wrote (138748)7/11/2008 8:37:26 PM
From: TigerPaw  Respond to of 361694
 
a couple of hundred Dow points of a good rally.


I hope not yet, although I wouldn't be surprised if Bernake pulled another Saturday session and tried to bail out Fanny and Freddy and Friends which would give a temporary rally. If the bear market ended now, it would be a rather early end based on historic patterns, and I don't think our economic problems are minor enough to get off on the easy side.

I would be quick to take profits on a rally, and then wait for more falling shoes.

IMHO.

TP