Well, well, well... Wall Street took a nose dive today. Hmmm... Citi Bank and Wells Fargo in a financial tug of war for Wachovia... The European markets are also falling... The BAILOUT (aka the rescue) does not seem to be having the desired effect.
Could it be that the public is not buying the chocolate dipped turd? Could it be that the American public is losing faith in the markets? Or could it be that the markets were falsly inflated with over-reaching profit projections of big business and the pitiful mismanagement of others. I have thought for years that the market would have to correct its self. When it went over 10,000, every one celebrated and thought it was so fabulous... Now if it goes back to 9,999, speculators are saying what a disaster it would be. I don't recall things being so bad at 9, 900, do you??
Personally, I think that it would be a wake up call for the CEOs and CFOs of all these oversized companies that now hold the testicles of our legislature.
ATTENTION TO ALL CEOs AND CFOs: Stop inflating estimated quarterly profits, stop making business decisions that a seventh grader could acurately tell you won't work, stop being so damn greedy that you run the entire economy of our country into the ground with your thievery.
Maybe if they suffer a little bit they will think twice before doing the things that got us here.
The Most Beautiful Act of Compassion
3 years ago