CHESSNOID

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US stock markets rocket back up today

Posted on Aug 9, 2011 by CHESSNOID in Bailout, Current Events, Economy, Obama, Recession, housing bust, housing market, stock market | 0 Comments

Nothing really happened in the stock market today that could justify the 400 plus point gain.  I think it was bargain hunters looking for deals and the silly comment the Fed said that they would promise to keep interest rates at 0% for another two years.

The underlying concerns for the economy are the same as they were the day before.  High unemployment and foreclosures still exist.  The direction of leadership in our country sucks on both parties.  The people in charge of the the Federal Reserve and the US Treasury are financial clowns that should have been fired 10 times over.

As far as I am concerned, the stock market is the new Las Vegas, and just another place to gamble your money away. I will continue to watch as people make and lose fortunes.

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