Feds to Buy US Stocks, What a Week, Video Mortgage and Financial Market Recap for Oct 10th

Hello Friends, Wow, what a week! The worst week ever in stock market history. The G7 are meeting today and this weekend as well as 13 of the other top financially strong countries in the world with our government heads and President Bush. Sec Treasury Paulson just announced less than an hour ago that the government is going to be purchasing US stocks and that they will not be limited to financial companies. This is an unprecedented move and the first time since the Great Depression. With companies like GM losing 1 billion dollars a day and Ford closing under $2 a share today for the first time since 1982, things are desperate. Unfortunately so much of this devastation is due to emotion and overreaction, not technical factors. One bright spot in all of this is oil broke below $80 a barrel today, nearly half the price it was back in July. A lot again to cover, please watch the video for more details. Be Blessed!