Friday, October 10, 2008

have we reached the bottom yet?

I saw a trader today in a breaking news "special report" as the market opened, and he said he thinks we are reaching the bottom. Apparently a violent downturn will clear out all the sellers and make room for the buyers. Makes sense. Are we really at the bottom? I hope so. I watched my tv intently as the market fell several hundred points and dropped into the 7000s this AM. yikes!

Bailout??? Talk to me about the bailout. What good has it done besides freeing up credit? Bush is going to speak soon. What is he going to say? "Don't freak out, don't sell!" Like that is going to help. What a mess. I've started looking at one-way flights outta here...also at sailboats.

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