Senin, 23 Februari 2009

Dow Plummets to 7,114: We're Back to 1997

The Dow dropped another 250 points today on concerns of bank nationalization (deepening recession, mortgage bailout, more Citi handouts, more AIG handouts, etc.). Call what's coming "receivership," "preprivatization," "temporary," "stakeholder," etc., but we're guessing that by a week from now the entire banking landscape is going to be trasformed.Before the latest cliff diving, the Fed called

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