The biggest bank crisis perhaps ever as it spreads worldwide and just as fast the solutions. No longer is there anything too big or devastating that the world markets will get upset about. Just the fact that we are shrugging this off (for now) is as logical as dancing in the radiation aftermath of a nuclear explosion. I know how this will turn out. What i do not know is just how foolish and naïve investors have become. When will the aftermath of this tsunami be felt? In the past something like this spread of banking contagion would have devastating affects immediately. Now in an age of so many irrational, horrendous behavior there seems to be a national numbness with a past conditioning that all things are acceptable and solvable in an instant.
Like a pandemic and the known affects and consequences i scream, pound the table, shout like a crazy person absolutely sure what will come to pass. I mean not a doubt in my mind. And crisis after crisis the world relies on a savior with complete confidence till the fear and doubt materialize into devastation. So today i try to TIME the moment when that comes. What will be the EVENT, the process to get us there.
I am amazed that Sunday Night the powers that be can actually form a positive market response. I would have expected a bad one turning into a rout by the end of Monday. Regardless on how we actually start the day just by having such a calm market over the weekend amazes me.
