Have to give the Govt credit here - they did save the system (after letting this massive bubble form over the last 10 years).
The villain of the decade will be likely Greenspan's FED who allowed this massive bubble to be formed closely followed by congress which lifted regulatory controls on leveraged entities and shorts and then by SEC who was criminally negligent in its job.
I belive regulations on shrts needed ,As the market grows shorts are to blame for smaller increases. I hope regulaters will soon not allow colateral free loans . Bank should be good as the fed gatinties there stock , as for auto company stack and bond holders dont whine anymore a bad investment it is like a bet you lost this time. buy Ford as they are willing to retool and build small cars in the US. As all can see the market goes up the price of oil increases small cars will rebound in sales. renults will never sell in the US. or any confidese in GM will falter . ford the lone surviver will grow as 60% of Americans want yo buy American. I will advize all to hold dtocks we will break the 10,000 mark by mid june . Inflation can slow it down, We as a nation do need to produce products for export, If this ever happens our economy will grow at a rapid pace as ford takes a chance perhaps wallmart should begin producing goods in the USA build thier own plants we have the raw matirials....(Read more of this comment) I would go to wallmart but with almost all chinesse made goods I will pay more to shop local.(Show less of this comment)
Recently when the market was at a bottom I had to make a mandatory withdrawal. That is,that many shares were sold for not much money. Then the market went up. If the banks sell their stock now, how does anyone know for sure that they will go up in the near or long term?
The villain of the decade will be likely Greenspan's FED who allowed this massive bubble to be formed closely followed by congress which lifted regulatory controls on leveraged entities and shorts and then by SEC who was criminally negligent in its job.