Tuesday, September 30, 2008

Don't Be Fooled - It Ain't Over

Don't be fooled by today's early stock bounce-back. This is not over. Not by a long shot. Prepare for more turbulent times.

Nevertheless, seeing even a temporary bottom in the stock market should reduce some folks' fear level. The world is not coming to an end, and in the end the U.S. economy is bound to come out of this tail-spin stronger and better prepared for the future.

Still, those miserable folks at Congress are playing with fire by not taking decisive and quick action to stablize the situation. Hopefully, the nay sayers will see the light in short order. If not, they will have to answer to the public, who in due course will understand the magnitude of the problem and the failure of its representatives to act.

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