08-04-2011, 09:13 PM
That's the part that worries me -- we're out of bullets. If this turns into a double-dip recession, what are we going to do? Lower interest rates? TARP? Bailouts? How much wiggle room is there?
I was surprised to see silver drop, though. Usually when there's big economic fears like this driving stocks down, it seems like gold and silver rise.
Wish I knew what Friday would bring. Tempted to jump back into Amazon. They took a small hit from an announcement about a bill that would seek to impose a federal tax on online sales -- something Amazon has said in the past they don't fear, so long as it's uniform -- and then the dive today took them down a much bigger notch. Guess I could buy and just plan on holding long term if the market dives again. I still think Amazon is a company with a lot of good ideas and room to grow, but it would be painful to buy right before what could turn into double dip... lotta doomsayers in the market news feeds.
I was surprised to see silver drop, though. Usually when there's big economic fears like this driving stocks down, it seems like gold and silver rise.
Wish I knew what Friday would bring. Tempted to jump back into Amazon. They took a small hit from an announcement about a bill that would seek to impose a federal tax on online sales -- something Amazon has said in the past they don't fear, so long as it's uniform -- and then the dive today took them down a much bigger notch. Guess I could buy and just plan on holding long term if the market dives again. I still think Amazon is a company with a lot of good ideas and room to grow, but it would be painful to buy right before what could turn into double dip... lotta doomsayers in the market news feeds.