~~Rants del Nicoleta~~

Week ended somewhat well for the stock market. XD  So I was wrong, this week’s ending is 54.4 points higher than it was last week. XD  Oil is still trying to find stable ground hovering at $48-$51 all week, though suppliers are having a really hard time finding storage, with ships acting as storage in some places.  They’ll have to sell eventually, so “discount” oil may drive prices down.  To me, the whole buy-our-debt that the government may do is a bad idea. XD  What if the downturn is over, and this is the bottom? (Just saying) Inflation would put us back to square one again.

As for the AIG Tax of 90%, well that’s just wrong.  If Congress takes their bailout money by retroactively taxing them to death, then what will prevent them from doing it to the average Joe (Scenario: We need to tax all pay at 50% to “pay” for this!)  A proper way would be to deny bailout funds until the bonuses are paid back.  Or maybe withholding 2x the amount of the bonuses from future payments.

http://articles.moneycentral.msn.com/Investing/Dispatch/market-dispatches-032009.aspx?icid=dispatch_090320