No kidding, the place is littered with unbelievable bargains. I can't believe SOL.
Unfortunately, some of that bargain litter used to be mine!
Today's rally was nice, but false IMO. Bet we end up giving a lot of it back by end of day Friday. I heard commodities are gonna get creamed.
I pulled out some cash today just in case today's rally was a misdirection.
There are systemic problems on Wall Street that aren't going to be fixed with our little rally today.
Hedge funds, short selling, greasy analysts, even greasier Market Makers (and the rumor mongers they release) are a bigger problem, and the root cause of most of the market woes today, sub prime not withstanding.
Are they going to "self regulate?"
Naw, wouldn't want to give up their unfair advantage.
Better to look into the camera with a straight face, and lie through their teeth about the "necessary market function" they perform. Like nothing would ever go down without their "help."
Meaningful regulations may ultimately find their way into the market place...after the bulk of the former middle class life savings has been transferred up the economic food chain.
The same Pius two faced liars that preserved their advantage until they got it all, will then pat themselves on the back telling us what selfless "reformers" they were.
Other than that, I'm not feeling too cynical tonight.
GLTA !!