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Saturday, December 6, 2008
Bailout.
Bailout Approved. Yesterday, I said that I feared going short into the weekend because of the likelihood of the auto bailout beingn approved. However, when I consider all of the bad news surrounding this market, I wonder whether Friday will be all the rally that this bailout garners. Watch the support/resistance levels discussed earlier: 88 on the SPY; 870ish, 840, 820, 800 on the S&P500.
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Did you know there is a bailout for you? Probably not, but Obama is making it better for us already! Most people don't realize how much money there is out there. During economic times like this, there is more money to be had than ever. Because of the bailouts and economy, lenders are bending over backwards to bail you out too. Believe it or not, there is people getting tons of cheap money nowdays to start businesses, buy homes, pay off debt, and more. Bailout is for YOU
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