ajtj99's Market Pulse

[jdaasoc]

Journalists been making points that government bailout strikes of socialism. One economist on Bloomberg stated that socialist countries tend not to have boom and bust cycles and went as far as stating that communist Russia never had a recession since they would plan for virtually flat state spending to keep everyone employed.

As long as mutual fund redemptions continue, $65 B last week, look for EOD slides since there are no deep pocketed buyers that can pick up this type of selling wave.