Got a feeling it’s a “bear market rally”. It’s interesting, though, to watch.
In July, financials were absolutely garbage. Nobody wanted them. They’re still way, way off their highs, But they have come up and are actually fairly stable for the most part. Move within a narrow range.
What seems to be happening is that the bear view of things has spread, as the broad economy is slowing down.
If the market is, as many claim, predictive, then it looks like a long slog from here. Some optimism about financial stability, but real profitability seen as a long way off. Increasing pessimism about consumption and production recovery.
But I do think this is a buying opportunity, if one has the money to do it with. Obviously, there is a lot of money sitting on the sidelines. A lot of it will wait too long, but when improvement looks pretty clear, I expect it will come pouring into the market.
The market is dead. It doesn’t take long to kill things - not like it does to make them grow. It took the stock market 26 years to “bounce back” from the great depression.
A lot of money isn’t sitting on the sidelines. A lot of money is gone.
What’s your house worth? Divide by 2, or 3 more like, because that’s what your house is worth real soon.
Get ready for the Amero. Our politicians are good little boys and girls who will do what they’re told.
When she was first asked about the crisis, Nancy Pelosi spilled the beans when she said, “Congress should adjourn.” She was merely telling the truth: Congress isn’t in charge, so why ask them to do something. They’re just there to provide cover.
NEW YORK, Oct 20 (Reuters) - U.S. stocks opened higher on Monday as investors took signs of further easing of interbank lending rates as signaling that credit markets are beginning to loosen up, tempering recession worries.
The Dow Jones industrial average .DJI was up 54.08 points, or 0.61 percent, at 8,906.30. The Standard & Poor’s 500 Index .SPX was up 9.05 points, or 0.96 percent, at 949.60. The Nasdaq Composite Index .IXIC was up 18.42 points, or 1.08 percent, at 1,729.71. (Reporting by Ellis Mnyandu; Editing by Kenneth Barry)