- A lot of people think it can only go up now so they are buying in.
- The big players started buying to build initial momentum and are now using that momentum to sell everything they can to all of those that think the market can only go up today.
- Then the market will drop again, maybe Monday maybe in a month but sometime again soon.
At the end of the day:
Quote:
U.S. Treasury Secretary Henry Paulson sketched the outlines of the still-developing plan that he said would "restore our financial institutions to a sound footing."
"We're talking hundreds of billions" of dollars, he said when asked about the cost,
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And I would suggest he is being conservative with that answer. He really has no clue, just that it will be 'a lot of money'.
No matter how they get that money, when you add it to the massive deficits the US was already running pre-meltdown, the cost of the war(s) and the cost of the bailouts already made you are talking about TRILLIONS of dollars that need to be found. That wealth has to be erased from somewhere, whether it is investors, taxpayers, bondholders or currency holders (or some combination thereof).
My opinion anyways.
Claeren.