Fuck the news. They've done a complete 180 degree turn on us and are now for the bailout.
They have been framing the Great Bailout as inevitable from the get-go.
MOREOVER, the network financial analysts were ALSO caught with their pants down or their hands in the cookie jar, as the case may be.
Too, whereas last week they were threatening the citizenry with a market collapse if we didn't accept their plot by Friday, NOW they are saying...we-e-ll, it's not that it collapses overnight, it's an incremental thing.'
We KNOW that there will be ramifications throughout the market and the world.
The mortgage mess didn't just affect homeowners. It affects window treatment people and rug people and furniture people and the rental market and on and on.
No man is an island, no thing happens in a vaccuum.
What is the saying? The United States sneezes and the whole world gets a cold.
On top of that, CNN is a dog and pony show.