<You've got to believe that some of the hedge fund crisis will spill over into small-cap biotech. That coupled with tax-loss selling could make for a brutal September/October, unless the FED comes to the rescue.>
at what point does the fed printing easy money to bail out irresponsible big money hedge fund failures to avoid a liquidity crisis that could precipitate a deflationary downward spiral and a complete market meltdown, itself spark runaway inflation by devaluing the dollar and ultimately result in the same end...a financial market meltdown?
it looks to me like the underpinnings of the entire financial system (pension funds, insurance companies, individual investors, etc.) are starting to come undone like rivets popping on the titanic...
gold bullion looking pretty good these days...and i'm not sure that even when there is blood in the streets it will be time to buy stocks as it might just be the beginning...
in fact, i suspect the potential social upheaval that a collapse of the financial system would cause would be unlike anything seen since the great depression (and perhaps much worse).
this looks like serious, scary stuff to me.
