Dave Fry's Market Comments For November 25
By:
Dave Fry Tuesday, November 25, 2008 8:01 PM
The US consumer needs a credit card bailout like a crack addict needs another
fix. Now we’re going to backup credit card debt and auto loans.
When all
this bailing out started I tossed out the old English maxim: “In for a penny, in
for a pound.” That was an understatement. Once the government went down this
road there was no stopping them.
Da Boyz on the trading desks and hedge
funds like all this money pumping so they bid up stocks when they can.
Once again volume really didn’t pick up until the last hour but what
there was wasn’t impressive. Breadth was good but not great. And, just in the
nick of time fellow blog reader and subscriber David Hurwitz provides us with
today’s data direct from Geneva where he’s vacationing.
The above story is the opinion of the author only and it does not reflect
iStockAnalyst opinion. Further, the author is not personally advising you
regarding the suitability of the story for your investment needs. In no event
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