Replies to post #101 on Steve's Place

[DeepBlue1]

I heard a couple of days ago on TV that Bush and Paulson changed one line in the TARP rules concerning exec pay. They changed it to read that no executives could take bonuses or excessive pay for ANY COMPANIES WHO HAD TOXIC ASSETS AUCTIONED OFF IN THE REVERSE AUCTIONS.

Well, they never auctioned any of those toxic assets in any reverse auctions. Paulson changed his mind on that remember. So the execs can take ALL THEY WANT with Bushie's blessings. LOL

He must have taken 10 minutes out of his "Legacy Burnishing/Historical rewrite" to get that taken care of. I expect some of that bonus money will go toward his "presidential library". LOL

That's going to be a pretty sparsely populated library I think. The Adventures of Dick and Jane are about the extent of his readings and that won't fill much space.

[DeepBlue1]

USD broke the 50ma and tanked straight down to the 200ma when profit taking kicked in and it bounced back to the 100ma.

Now the the key question is whether that was a bear market rally for the dollar or was it just a correction in an ongoing bull market rally.

Just about everything in the known universe will depend on which way it goes from here.