Tuesday, December 9, 2008

SPX

Bailout is making problems worse. It will cause inflation while many are out of jobs. Higher living cost for many and markets will melt after false rally based on the bailout fiasco -- creating more problems.


This bear market is NOT like any other previous bear markets. Infrastructure construction job will not help our economy much except hyping up financial markets with the gimmick economic plan which is not really helping our big economic trouble.

We had too much excess of everything for decades. This does not go away in a few years.

Remember, markets sucked out American wealth and Americans are all in debt. This didn't happen since Oct 2007 top. This happened over decades of overspending since 1969.

This bear market is not "business as usual" or "bear market as we have seen".

http://www.cnbc.com/id/24262175/

It is not new news as we already knew about this which is happening during the last decades, more so recently.

US Job Losses May Exceed Already Gloomy Forecasts
http://www.cnbc.com/id/28142130

NFL lay-off
http://www.cnbc.com/id/15840232?video=956596340&play=1

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