Wednesday, December 5, 2007

Treasury Secretary's Plan is a joke

If stocks rise tomorrow, take advantage and add to your short positions.

The plan will help very few people but will permanently destroy investor confidence.

The media is catching on to the fact that it is declining home prices, not bad credit that is causing the problems. This is unstoppable. The question is, is the government going to let it self correct or will we have to suffer through 15 years of slow house price declines like Japan.

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