4 Days-4000 Points?
Is it possible? A 25% correction in the market in 4 days. We just had a 97% correction in 2 days for one of America's oldest financial institutions. On Monday, its CEO said it was ridiculous to think there was a liquidity issue. If there is a problem at Bear, who else has problems? Bear is a well diversified financial institution. Could there be a bunch of bears hiding in the woods?
Last week no problem. Tonight the mainstream press is saying the fed is trying to stem a crisis. A Crisis? What crisis? How do things go from maybe a minor recession to crisis overnight. Yes Peroria, there are issues in America and some don't think you are smart enough to know the truth.
A quarter point EMERGENCY cut. What kind of nonsense is that? A Quarter Point? 96 yen to the dollar. $1.58 dollar to the Euro. Gold up over $20. Can you imagine what things will look like with more cuts? You want a crisis......watch and see what crisis slams on our shores.
4000 points in 4 days? Good we are remembering a funeral on Friday.......the only problem is this story may not end in a resurection.
Mommy, why are all of the people walking out of all of the tallest office buildings downtown?