Talk of The Villages Florida - View Single Post - An Indication Of How Deep The Financial Crisis Is
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Old 10-13-2008, 04:01 PM
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Default Market rally ... rally

A 'honeymoon rally' has occurred today in the stock market but it may not be prudent to identify a bottom or a trend. We will have to see if these damn bankers (VK excluded due to retirement) will actually stop their 'credit strike.' If bankers will adopt the altruistic attitude of the governments and actually support the commercial and private paper market, we could see 'some' of the scare gone and a chance to right some wrongs. If they chose to just self-protect, we could have a deepened crisis. Stay tuned ...........