I just comment that I agree with most of the responses to urbanrealtor’s post.
That is I think urbanrealtor’s reply in this thread is moronic.
My prediction is that when this bail out plan passes, we’ll see at least a 10% Fool’s Rally, guaranteed.
After that, the next stock market big tumble (to MUCH LOWER LEVELS than current) occurs when economic data arrives confirming this is very deep protracted nasty recession.
So, I see the stock market twelve months from now as being, for example, 20% lower from current values.
If this 700B piece of pork doesn’t pass vote, then all hell breaks loose.
