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November 05, 2008 – Comments (2) | RELATED TICKERS: RDN , ABR , CIT
When you see stocks like RDN posting profits instead of losses its proof that the Eye of the Storm of the credit crunch has now passed us.Other proof we have is the Dollar Libor rate which has fallen for 18 straight trading days and now sits at 2004 levels of 2.51%
The passing of the "eye" indicates we are in for more trouble. Eye's are found in hurricanes.
The Eye is good, it passing is bad
OMG...if you only knew. This is not some little quicky, wham bam we're out in a year. Not with this government's delaying actions. Let me know when everyone recognizes it's a depression....I'm a buyer when the monetary system is drastically improved, could be next year or 2012.
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