Even the Elephant is skinned but his size and the weight are still huge than
a Hanoi-black doggy,don't U think ?
Uncle sam eats Hot-Dog.......and do Hanoi still have dog to eat ?
Cheers,
Bun H.
According to the New York Times, the US Economy is going from bad to
worse.
Markets Plunge Despite Hint of Rate Cut.
Stocks plunged on Wednesday afternoon - shedding 270 points in the
final hour of trading alone - despite reassurances from the chairman of the
Federal Reserve, Ben S. Bernanke, that the central bank was prepared to lower
interest rates, words that many investors had said they were waiting to hear.
"You are getting all the things that you would think the equity markets
would respond very favorably to," Steve Sachs, director of trading at Rydex
Investments, said. "But at this point it just doesn't seem to be doing it. It's
the attitude of "Sell" - regardless of what the news is."
Tuesday's declines bring the losses of the last two weeks to staggering
levels. The S.& P. has lost more than 17 percent in just two weeks.
The declines came even as Mr. Bernanke strongly hinted that the Fed
would lower interest rates this month in the face of a worsening outlook for
the economy and financial markets.
His remarks came as lending markets remained frozen and borrowing costs
ticked up overnight, a day after cascading losses in stock exchanges around the
world.
"Nobody trusts anybody right now," said Ryan Detrick, an analyst at
Schaeffer's Investment Research. "No one's lending to each other."
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