Bail out Cubs and Sox, time is running out

Bail out bill was successful at this time, 57 lawmakers changed their position within 3 days. It was great example of democracy where majority always win, if not first time, second time it will. Another miracle happened with in 3 days is, Wachovia is now hot bank, 2 of them fighting for it, just 3 days ago it was other sinking bank. Just 3 days, Wachovia value increased as much as 750%, and expansion minded Wells Fargo successfully crossed Mississippi river to conquer east coast(other than some small acquisitions). Actually Wells Fargo has 25% spring effect (infrastructure, technology) to absorb any sudden growth. So they made a bold acquisition bid to Wachovia, and they refused to take bail out money also. This is real Wild Wild West. Citi just started discussing about how to integrate Wachovia with them and confused with back and forth bail out bill, in mean time Wellsfargo announced it's actions to integrate with Wachovia and debt reduction plans. So the market is still alive and we(investors) are just overreacting.

I didn’t know that stock market also blow hot and cold for some time consistently. One day it was down 700 points very next day it was up 400 points. Everything was out of sync and not fit in normal pattern. All the events makes me think that both Main and Wall Street was full of overreaction and hysteria break down. It was sad to say that, this all are indicating that USA’s dominance of world finance market also moribund. Because so far USA market was soo resilient and self-adjusting to lead all other markets, now it also lost its cool with emotions, panic and spontaneous reactions. Something got to be done to bring back it’s glory. And American people also lost their confidence with Wall Street.

Cubs and Sox are really playing bad at play offs. Someone have to bail out them, please.

Source :
http://online.wsj.com/article/SB122303190029501925.html
http://online.wsj.com/article/SB122304922742602533.html

Comments

Anonymous said…
You are right Subba. The market has gone crazy. Let us hope sanity returns soon.
4:58 AM
Subba Muthurangan said…
Thanks Sukumar.
8:42 AM
Post a Comment

Popular posts from this blog

Coupon Crazy

Coupon, Is it good remedy for current inflation fight? I think it is not and coupons are highly addictive. Yesterday when i was in train on the way back home, one lady sitting next to me, cut and cut coupons from newspaper. I was watching it all, to make things worse, she put all waste into me. She carried a separate bag for coupons, the bag was filled of coupons. Okay, that was fine, she is just trying to save some 1 or 2 dollars. After finishing all coupon cutting, she opened other bag and took 3-4 lottery, the one that we have to scratch.So now she started now scratching lotteries, again all wastes into me. I just realized that what ever she saved now from coupon were gone. One day I was standing in queue at Costco for checkout, a man who was standing in front of me had tons of ton items to checkout. I thought i might have to spent another hour or so to check out after him. He placed all items on checkout belt. As soon as, sales clerk started checking the items, he pulled a coupon
Read more

Google's Killer Application.

Already Microsoft getting heat from Google, that Google is capturing all critical functionalities from Microsoft office suite and developed online based Google Docs suite . From many of small business to individuals now using Google docs instead of expensive Microsoft office suite. Now Google released a "sharepoint killer application" named as Sites . It was just redesign of JotSpot wiki, which Google acquired some years back . I think that now Google can declare war against Microsoft office suite. Google has now all replacement products for Microsoft office. Actually now we are expecting a twist from Microsoft that they will release a online based mini office suite to fight against Google Apps.
Read more

Uncontrolled Musing

When I start thinking about future, my mind exploding without control, particularly current events and state of our economy. There is no definite answer to following questions. Are we at recession or depression or nothing? Occupywallstreet will become a revolutionary movement or just like tea party, it will also subside?   President Obama able to win job bill or it will go under water.   If we are not in recession, what is the status of this market? What will happen to 401k, IRA and other investments?   Are we bear market or bull market or pig? How many more days (months/years) we need to worry about our job?   When will my home value improves? The above all are somehow interrelated, a better economy spurs growth which will eliminate all uncertainty. But no one here able to pin point what went wrong and how to fix it. If we know the answer, we could have somehow fixed this mess already.The issues with unable to fix current state of economy are, Very complicated : This ec
Read more