Monday, July 21, 2008

Oxymoron: "Free markets"


DJIA*11467.34 -29.23 -0.25%
Nasdaq*2279.53 -3.25 -0.14%
S&P 500*1260.00 -0.68 -0.05%
Russell*697.63 4.550.66%
10-YR Note*4.040% 13/3 20.40% * at close
Source: Dow Jones, Reuters


Source: Dow Jones, Reuters

The Dow was down, oil and gold and commodities up for the day.
Jim Cramer on CNBC's Mad Money show said that biotechs will go up as financial stocks do "in lockstep" as they did in the early 1990s. We'll see.

My questions: Should Fannie and Freddie be bailed out? Should financial stocks not be shorted? Just how free are these markets?







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