One Opinion

I don't know about you but I have a very ill feeling in my gut over what is going on in the financial world. I am no financial genius. I work hard to keep my business affairs in order. When my taxes are raised to cover this fiasco I could face having to lay off some workers to cover the tax. How is that going to help the economy? Why don't they lower the capitol gains tax so people can invest in the market while prices are down and let the market correct itself. Pass laws to keep the investment banks and other lenders from creating loan packages to sell on the secondary market. Golden Parachutes have got to go. Put those Bast***s in jail and sell all of their assets to reimburse some of the money people lost in their retirement mutual funds.That was my vented statement. After this there is no way of knowing if the markets will react in a positive way. At first they might an as people try to get some of their loses back and sell on the upswing the whole thing could collapse in a big way. This is different than in 1929. Most of the country never even heard about Wall Street collapse for weeks, months, or years after it actually collapsed. In today's world the run on the bank will happen all at once via the Internet. No one will be able to see it or stop it. In the blink of an eye we might go down hard.We will have to wait and watch. In God We Trust!