Friday, October 03, 2008
Now that the bailout plan has been signed into law - a "money tsunami" about to wash over the entire credit system as soon as this weekend - it's clear that things should get better from here on out. If they don't, there's really only one group that could logically be blamed for a continuation of the downward spiral.
This was what was found in my mailbox this afternoon - some cheer from Time Magazine and The Economist. It's as if they are trying to undo everything that was accomplished earlier in the week after reading encouraging email correspondence from brokerage houses urging investors like myself not to panic and wind up selling at the bottom again...
There must be something about the combination of bright red and black (or black-and-white) that makes these covers so alarming.