WSC, I agree with you about the credit situation but I believe that this is very similar to the dramatic rise in oil prices. The market learns to deal with it.
Nice rally that went to sh!t late in the day.
WSC, I agree with you about the credit situation but I believe that this is very similar to the dramatic rise in oil prices. The market learns to deal with it.
It will take a lot longer than a weekend and a half hearted liquidity injection to deal with this fiasco.but don't worry:the money boys are getting to keep their bonuses...don't you feel better knowing that?
It will take a lot longer than a weekend and a half hearted liquidity injection to deal with this fiasco.but don't worry:the money boys are getting to keep their bonuses...don't you feel better knowing that?
Wall Street will ALWAYS get a bail-out package. Always have, always will.
I agree that the carnage ain't over, but DO NOT think that the big money houses on Wall Street won't be bailed out.
The FED will cut 75 BPs off FFR the next 3 meetings and bail out Wall Street.
Don't try to fight it.......you'll get run over, and you won't get bailed out. This is EXACTLY like the Russian debt crisis, and guess what.....Wall Street got bailed out by Greenspan with his emergency rate cut.
Let's face it.
Wall Street will ALWAYS get a bail-out package. Always have, always will.
I agree that the carnage ain't over, but DO NOT think that the big money houses on Wall Street won't be bailed out.
The FED will cut 75 BPs off FFR the next 3 meetings and bail out Wall Street.
Don't try to fight it.......you'll get run over, and you won't get bailed out. This is EXACTLY like the Russian debt crisis, and guess what.....Wall Street got bailed out by Greenspan with his emergency rate cut.
Still remain very dubious that the moves made will do anything about the core cause of the panic. I remain leery of this market long term (post 2009, that is) especially.They may have broken a fever, but the patient remains ill.
Still remain very dubious that the moves made will do anything about the core cause of the panic. I remain leery of this market long term (post 2009, that is) especially.They may have broken a fever, but the patient remains ill.