Since Bear Stearns dropped, everytime there is fear of bank failure or auto bankruptcy there is mass panic in the market and the market drops excessively.
Today, this is what you call a classic fake out. The big boys have already factored in the bankruptcy and the media is scaring investors out of their shareholdings. Remember Ford isn't in the headlines so it's not the bad news that it appears to be.
I believe the market can be up 200 Dow points from the bottom that it reaches in the early hours. Two days ago was the day to panic. Not today.
Yesterday was warming up for a bonanza of a day. Lets see.
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