Let me take you on a quick trip back to the halcyon days of our youth, way back Friday before last.
The Dow stood at a sunny and proud 11,143.13 having gained 121.07 points that very day!
Then came the bad old politicians and they didn’t approve Wall St.’s $700 Billion Blank Check. A number simply made up to be big enough.
Not so big now are you?
Monday the 29th of September Wall St. threw their -777.68 hissy fit. Maria Bartiromo was particularly outraged that these mere Representatives could thwart her Saks shopping people’s will. See, this is what you get when you don’t kiss butt!
Now that changed their Capitol Hill water carriers mind for sure. What’s good for GM is good for the nation. The business of America is business.
So the next day we had our dead cat bounce, +485.21, Dow at 10,850.66 a whole +263.07 for
W‘s entire tenure.
Now hold on to your socks folks because we’re going to take one of those big shoots-