RE: Buy a 2009 Rt or Invest in Stock Market???
I will suggest that the market will rebound tomorrow (Tuesday Sept. 30) by about 75% of the loss today (maybe 582 points). All it will take is the spineless Republicans who got us into this mees to vote yes on the market making plan. The $600B is not a tax hit. It is an investment in distreseed equities. The gov't could actually make money by gettting these mortage backed securities (yes, actually backed by physical properties) at pennies on the dollar. I do not think our gov't could actually make a profit (c'mon it is the gov't), but it is not just pouring tax money down the drain. Mark my words, right now, the Congress will pass a measure and the stock market will rise tomorrow.