Yes, feels like it to me too. I think LEH and WAMU are going to
lead it into the tank.
Yesterday's news triggered a whole bunch of credit default swap
transactions and have made it almost impossible for banks to raise
money by issuing preferred stock. The law of unintended
consequences is coming into play in a big way.
Did anyone see what happened to UAUA yesterday? That's a sign of
fear.
I agree, and finally this is the first time since the bear mkt
started that EVERYTHING is going down. One by one they have wacked
every sector. This to em is actually a good sign. There is no place
left to hide.
deflation is right, most have been looking for some variant of
inflation, stag or hyper variety. May happen after deflation
takes it's toll but meanwhile, almost all assets go down.
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Yes, feels like it to
Panic???
Posted by unsane on 9th of Sep 2008 at 02:53 pm
Yes, feels like it to me too. I think LEH and WAMU are going to lead it into the tank.
Yesterday's news triggered a whole bunch of credit default swap transactions and have made it almost impossible for banks to raise money by issuing preferred stock. The law of unintended consequences is coming into play in a big way.
Did anyone see what happened to UAUA yesterday? That's a sign of fear.
I agree, and finally this
Posted by lindaloo on 9th of Sep 2008 at 03:06 pm
I agree, and finally this is the first time since the bear mkt started that EVERYTHING is going down. One by one they have wacked every sector. This to em is actually a good sign. There is no place left to hide.
nowhere to hide...is called....deflation.........huge deflation and
Posted by treid4dou on 9th of Sep 2008 at 03:23 pm
nowhere to hide...is called....deflation.........huge deflation and deleverage....
deflation is right, most have
Posted by trade on 9th of Sep 2008 at 03:27 pm
deflation is right, most have been looking for some variant of inflation, stag or hyper variety. May happen after deflation takes it's toll but meanwhile, almost all assets go down.