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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the top is in
pullback
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.