Anyway it's not that too many of us are short, it's that we know
the shit will hit the fan soon and why, whereas the normal man in
the street who goes to work and never watches will never understand
what happened to his 401k when this tanks or why
that's what I thought in August too. You're right, the
market should fall, but all bets are off on when. We have
little real conception of the enormous amount of liquidity
being pumped into the system by the Fed and all these underhanded
government programs. Meredith Whitney months ago said she's
never been so beasrish, the banks are basically insolvent, etc
etc. but then said she had no idea when the market would drop
because of the intervention.
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I guess that means the
pullback
Posted by keithbob on 8th of Apr 2010 at 10:20 am
I guess that means the top is in :-)
I agree
Posted by parki48 on 8th of Apr 2010 at 10:48 am
Anyway it's not that too many of us are short, it's that we know the shit will hit the fan soon and why, whereas the normal man in the street who goes to work and never watches will never understand what happened to his 401k when this tanks or why
the top is in
Posted by Michael on 8th of Apr 2010 at 11:58 am
that's what I thought in August too. You're right, the market should fall, but all bets are off on when. We have little real conception of the enormous amount of liquidity being pumped into the system by the Fed and all these underhanded government programs. Meredith Whitney months ago said she's never been so beasrish, the banks are basically insolvent, etc etc. but then said she had no idea when the market would drop because of the intervention.