rulemylife
Posts: 14614
Joined: 8/23/2004 Status: offline
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quote:
ORIGINAL: OrionTheWolf Uhhh, guys. 10 week low in stock market amid talks of a new stimulus? So has anyone seen any suggestions on exactly what a new stimulus would consist of? Last I read only 10% of this recent stimulus had been spent, so why would people talk about a new stimulus? Aren't those the ones that are saying give it time? The other side is, if we continue to spend into the red, won't it be the next few generations that pay for that? Isn't that some of the criticism of the last admin? The 10 week low is still 1600 points higher than what we saw at, hopefully, what was the bottom a few months ago. And while it may be a 10 week low it has been bouncing around within a few hundred points of that number, so I think the article is a little bit of the chicken little syndrome Calla mentioned. There is also a theory running around that the stock market was running at over-inflated, unsustainable levels. A stock bubble fed by the housing bubble, and just like with housing this is a natural market correction.
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