QUOTE(KVReninem @ Feb 12 2009, 08:33 AM)
pein; do you think stimulus package sufficient enuf to steam up the cock again?
To cover the losses and debts, yes it's sufficient but to promote economy growth, am still doubting. If DJIA and SP fails to show any positive growth, then there's a good chance U.S will GG. 2 Trillion just to help banks. Add up the interest to pay up other banks in the future, if the american do not show any positive signs of growth to stimulate investor's confidence, then...goodbye my love.
Obama adminstration is seriously turning off investor's confidence one by one. People told it will be specific. But, it turned out to be not a clear cut plan.
I think they're are focusing on the bank's toxic assets as usual. Let's see how they perform this week. It's still a vague presumption to presume the credibility of the package. It depends so much on investors confidence right now. Insider insights are no longer 'special' as before. A little news about losses, sparks a huge impact of downtrend towards the stock.
But at least yesterday, DJ, SP and NASDAQ are showing good sign after DJ plummeted 381.99 points. I shat brix that time
This post has been edited by peinsama: Feb 12 2009, 10:23 AM