a lot of money going into the system (printing press) , in gov't best interest to stabilize the markets....any bad news will be sugar coated..... I think dow will hit 8000 before any signs of retest.
wow even more reason to stay away from casino stocks....vegas casino industry is one that has definitely over leveraged itself from the past bull economy....the days of "imaginative" equity on people's homes are long gone and will never come back.
casino's are in a lot of trouble because...
Just because a casino is packed for one day, it doesn't mean it's a screaming buy.
and besides, we haven't seen any casino companies announce bankruptcy yet....I think we will see a few BK's before u can start practicing your poker face.
this is a stupid reason to be long a casino (lvs).
and the other stupid reason is that they will open in singapore. That's probably the last thing LVS should be doing.
well if that lady (whatever her name is) didn't make those comments, would the market have gone down to 6500 ?
bernanke and friends should have done what they did yesterday from the start.
Keep in mind, the economy boom was all a mental state for consumers, people thought they had equity...
wow I'm beginning to realize how much more newbies are here than there are experienced.
I can learn more from fast money than I can from here.
the average investor does not move the market, we are all peanuts. It's the banks and funds who are the market maker.
All that money that AIG...
that's also a big problem that got us into this mess...our government has been the biggest SUCKER since the bush admin.
a group full of book smart people who know nothing about being street smart.
"wheres the 180 million"
AIG responds...."uh, YOU GAVE IT TO US" !!!