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S&P 500
5,487.03
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0.25%
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US TECH 100
19,430.40
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0.14%
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38,834.86
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kipp440

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kipp440

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Sunday, 09/28/2008 10:48:36 AM

Sunday, September 28, 2008 10:48:36 AM

Post# of 33753
The market is going to crash as soon as we burn through the $700 billion "rescue/bailout" because they refuse to deal with the CDS market. The $700 billion will only plug the hole in the dike for a few days or weeks. The CDS market is still $55 TRILLION. Burnanke and Paulson will be back again asking for trillions to "fix" the problem after the crash.

I can't wait to see how many pages the bail out bill is, and what pork got added on and who added it on.

I am getting steamed here. ALL bets are off until the CDS market and it's players are liquidated. Until that swamp is drained the foundation of a new system can't be built.

Kipp
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