Thursday, July 8, 2010

What goes down should come up, maybe

Markets make a comeback

The seesaw on Wall street is continuing with the markets bouncing back big time yesterday. We all need to remember that borrowing money is still very cheap as interest rates are still very low. The fact that they are so low tells us the crisis is still very much with us. When getting money and saving money from the banks will go back to normal and the market will still go up then the crisis will be over. 

Many people are actually borrowing money trying to make a killing in the market. History has shown that short term quick fixes of this kind do not work. Instead of extricating themselves from debt they are borrowing 
more money to go deeper into debt. At some later point in time they will need debt settlement experts. They are high class gamblers. Gamblers usually lose.




No comments:

Post a Comment