Quote:
Originally Posted by EscortBiz
it was a simple run on the market this is what happens when you have over 10 million Americans sitting at home trading using tdameritrade, scott trade, etrade etc. especially those sitting next to their wife and shes screaming get out of the market now.
Now we will see a reverse fear where people will start putting money in so they dont miss the opportunity boat, within days you will see that
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thats a fucking bullshit. SEE the TED SPREAD. This is the most precise indicator of panic and untrust in bank sector. J6P is already whipped out of market by Crammer bottoms calls from fall 07.
Credit markets are still locked up and everyone from the prophets of doom, who predicted whole finacials crises, now prays for a recovery of TED spread ASAP, as their are shitting their pants too.
Without CREDIT you dont have ECONOMY. is that really hard to understand?
Everyone of better pros who understand stock markets look on credit markets nowadays too, not your joe6pack.
This is why US, EU and JAP goverments will hopefully gurantee interbanking landing. They fucking know that better, what will happen to them with locked credit markets. But what happen for loses in guaranted interbanking landing? They are going to be paid by you and me.
After state guaranted interbanking landing you could put money in the stocks again.