Ok, so don’t write off the day yet then! Dow soars back up?

Ok, so about an hour or so after I threw up a blog about how the Dow is tanking, now the resurgency in buying has to occur, lol! The Dow now has jumped back to even, and pushed upwards 120+. Oil has shot up to around $58.00 as well in NYMEX’s electronic trading. Just when [...]

Paulson Has Another Plan? WTF? Crude Shoots Down below $56

Big banks and corporate entities are having a bittersweet moment, with facing the possibility that the wind has drastically changed for them. Hank Paulson has mentioned that instead of buying bad debt, the $700 Billion bailout will actually buy stakes in banks, in hope of a resumption of normal lending practices. Honestly, this could really [...]

Breaking News! US Government Announces Loan Aid Plan!

Later on, around 2 pm, the federal government is announcing with the mortgage industry a new plan to streamline the changing around and modifying of loans held by Freddie Mac and Fannie Mae. Look for more news on the press conference around 2 pm EST. In other news, Oil has fallen dramatically to just under [...]