Yesterday, the stock market continued its recovery. The Dow was up 247 points. Oil sank to $54. Gold lost $7.40 to come to rest at $811…
November 28th, 2008 | Bill Bonner | 4 comments | ContinuedAll Posts Tagged With: "market correction"
A Battle Between a Natural Market correction and an Artificial Attempt to Avoid it
On the one hand, Mr. Market wants to correct the excesses of the boom/bubble period that began in 1982. On the other, Misters Bernanke and Paulson want to prevent him…
September 22nd, 2008 | Bill Bonner | 0 comments | Continued