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--- On Mon, 10/13/08, Charles Brown <charlesb at cncl.ci.detroit.mi.us> wrote:
From: Charles Brown <charlesb at cncl.ci.detroit.mi.us> Subject: Re: [lbo-talk] Fwd: WSJ MARKET ALERT: Dow Industrials Surge 940 Points To: "lbo-talk" <lbo-talk at lbo-talk.org> Date: Monday, October 13, 2008, 3:32 PM
>>> Doug Henwood
[All you left gloomsters who thought last week's action was proof that
the end was near, what do you say to this? Me, I say last week was probably overdone, as is today - this is the sort of violent rally you
often see in a long-term bear market. My guess is that we're still facing recession, but not the end of the world. But how about this for
an endorsement of that old Wall Street maxim: "bailouts are bullish"?]
^^^^^ CB: Speaking of gloomsters, was all that chicken little talk crying for a bailout for the superbanks overdone ?
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