Stock Market Friday 09.19.08

I think the government finally admitted that they're not going to let everything die, and they'll use our money to bail out the idiots, as well as the others who played it right, but now can't borrow.

The dow fall was based on this significant fear, and now that fear is gone. That alone should mean a healthy bump for the medium term. I could see a small continued rally, or maybe down a couple points, but nothing significant right now. Lots of waiting.

As for "real fix", expect LOTS of regulation of wall street coming. It will be harder to make money there for at least a few years until we get stupid again.

dead cat bounce