Ludwig von Mises Institute - Tu Ne Cede Malis
Advancing the scholarship of liberty in the tradition of the Austrian School.
The stock market soared on news that the government was going to magically inject nearly $200 billion into the market and also magically make bad loans disappear. It reminds me of this article: Zimbabwe: Best Performing Stock Market in 2007.
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Comments (5)
Jason
True. So true. The funny thing is, the average person will not get this. Especially the average investor.
Published: September 18, 2008 4:55 PM
Peter
Options expiry tomorrow. Don't forget the renewed zero tolerance policy for naked shorts. I saw a lot of short covering buying today in all sectors, especially financial.
Published: September 18, 2008 9:32 PM
Miklos Hollender
And gold is falling again. Sigh. I'm getting a bit impatient waiting for that $1600/ounce predicted by Peter Schiff... though the sudden rise, despite the fall afterwards, at least convinced me to hold on, and don't despair when it again falls to $700 - it seems 4-5 more banks go under and it will shoot up over $1000 again.
Published: September 19, 2008 3:23 AM
peter s
That's all it is - an injection, it's not a cure.
The problem is that the needle giving the injection is dirty and will finally kill the patient.
Published: September 19, 2008 6:12 AM
Jonathan Mariano
To follow on peter s, they are trying to fix the symptom, not the actual disease.
Published: September 20, 2008 1:30 PM