Paulson is trying to stoke up private capital to make deals with the government. That was the idea all along, but everyone is waiting for the handout money to stop flowing before private capital can assess the situation.

“It is getting pretty bad. Read this.

computer/tech industry hit hard. layoffs are already announced. The worse is to come. stock are also hit hard.

details below:

http://www.marketwarnings.com/2008/11/intc-stock-intel-earnings-will-be-below.html

“Back to the other reasons the market is tanking”

Consider this: GM’s Death rattle is unnerving investors.Senator’s Pelosi, Reid, Frank, and Mikulsi, amongst others are attempting a rescue of GM and other automakers. If GM goes under, 2.5 million auto-related jobs will be at risk, so it is a very big deal. Auto workers are far more deserving than WS executives are of their bonuses! Do auto workers deserve a break, assuredly they do. (But when Barney Frank says “the consequences of not doing it [a taxpayer bailout] will be far worse,” I personally would like to take Frank out behind the barn and him out of our misery. At the very least a muzzle over that trap of his would be a nice start).

Will GM and the other auto-makers get a bailout package? Don’t know. GM says it will run out of operating cash by year-end without it. The Democrats may push legislation through the house, but the minority Republicans can stall legislation through endless debate. White House spokesman added “Chairman Frank doesn’t speak for the White House.” Meanwhile, Paulson is noodling how to redirect the focus of his failing TARP to something other than the troubled assets it was originally intended for. “Buying illiquid mortgage-related assets is no longer being considered,” said Paulson. Well, Paulson may be learning, but he is still lost, and while he is lost, he is apparently not leaning towards supporting the Democratic push to save GM. In fact, Bloomberg reports he is resisting pressure from the Dems.

I’m sick of everyone saying we are at the bottom, you don’t know you are at the bottom until the real economy actually starts recovering. If we fall below 8000 idiots will start calling 7500 the new bottom, then if we fall below that 7000 will be the bottom. You can’t call a bottom in a dynamic economy where companies keep their earnings information and job plans secret until their quarterly reports and the government is running around with barrels of money but with no idea where to drop them off. Imperfect information means anyone who tells you we have hit bottom is a moron.

Was just reading about this on another website. G20 will be just a photo opp to pacify general populations, where is reality its every dog for them selves(trade wars).

Skippy