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alstry (< 20)

4 Days-4000 Points?



March 16, 2008 – Comments (2)

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 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?

2 Comments – Post Your Own

#1) On March 16, 2008 at 10:51 PM, 501c3 (< 20) wrote:

Silver over $20 right? Just making sure my GLD picks are still ok :D

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#2) On March 16, 2008 at 10:51 PM, jesusfreakinco (28.29) wrote:

The Fed has lost control, no doubt.  They need to drop rates to zero immediately, but that won't solve the problem, just delay the inevitable.  Crisis of confidence is here and no liquidity is going to save the market save them buying MBS and dropping $ from helicopters (oh, wait, they are already doing that...).

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