Thanks for Commenting
Are you even aware of the difference between seizure and purchase? Why should the Feds put up $700B in return for nothing at all (I know, your answer is that they shouldn't put up that money to begin with, fortunately these decisions are being made by finance professionals and not local political consultants.)
The problem is that there is no confidence in the market. Well, I know what would restore confidence. Our gov should seize all assets of any financial industry professional making more than 500,000 per year. Their children would be put into public schools and their wives be given 2000.00 per month to support the family until dad gets a job outside the finance industry. All CEO compensation in this country should be capped. This would be a fair compromise starting with the fact that the greedy criminals should be lined up and shot. (Which would restore confidence for sure.)
The market is up again this morning by hundreds of points. In the engineering field this kind of wide ranging movement is called oscillation or ringing. It is never a good thing and could destroy the system catastrophically. The greedy bastards make money going up OR going down so they are getting rich still at our expense.
Yesterday the market swung hundreds of points and ended 89 points down. Today market swung down over 700 points by the end of the day.
RING!!!!
Remember the the classic physics video of the bridge being blown by wind at the resonance frequency? The bridge chews itself up and collapses catastrophically.
The same concept applies whether in electronics, or mechanics or the market. Oscillation is THE sign of a system self destructing. It is a fundamental law of nature.
Our government had better stop f**king around and dampen down this situation. Profit taking from shorts must be stopped for example.
Dampening, Dampening...it is a concept that our leaders better grasp and soon.
The speculators are smacking the system at both ends causing wider and wider destabilizing swings. Any engineer worth their salt would see/hear/feel the waveform and immediately unplug the system before it blows. I have personally experienced oscillating systems in the laboratory and the field electronically and mechanically and it sounds just like screaming.
qofdisks, we have different ideas regarding the solutions, but I agree the frantic market oscillation is not healthy.
Commenting by HaloScan
