The Senate is expected to vote on the government’s $700 bailout plan today and the market is down a bit in advance of that. We’ll be watching to see what happens and would love to hear what you think about the events of the last few days. Are you pleased that the House rejected the plan or are you crossing your fingers that it gets passed as soon as possible?
We don’t try to predict the market, or Senate votes, so right now we’re just waiting and watching. We’ve been reminded everyone in the last several weeks that now is the time to stick to your system and watch the market. That’s the only way you’ll come through this in one piece. If you’re looking to read more about these topics or find a system that works for you, we have many past posts that address them as well as information here that you might find helpful. Now is a great time to be building your stock watch list as well as coming up with a game plan for when the market does turn around.
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There should be no bail out plan by tax payers dollars. I am all for tax breaks and incentives of that nature.
Let the lending institutions grind to a halt. There will be other institutions that will step up to the plate.
So what if you have to come up with 20% to buy a house. Maybe that is what this country needs.
No more instant gratification loans.
This BS that DC is saying about small business getting loans so they can make payroll is so far from the truth. Name me one bank that will loan a small business money to make payroll.