Quote from day7793:
Tremendous amount of negativity. January has been a hopeless month as far as the financial markets are concerned. The Feds have cut rates 2 times 3/4 points and today another walloping 1/2 point! Congress has passed a 145 billion dollar economy stimulus package.
We got news today that economy is not as bad as thought. GDP growth still lower down to 0.60 but nothing negative to count towards a recession till 3rd quarter of 2008. Things are not as bad as the figures point out.
But we must get out of this national pastime of pessimism and continuous hopelessness. No one has prospered by panicking and becoming hopeless. Your government has done a darn good job for all of us. Fed have come through and are on your side as much as they can be. They are not done cutting rates and happy days should be here starting today.