It's all pretty crazy. The Fed has basically no room to move with interest rates, foreclosures all over the place, borrowed/printed money holding everything up. Wars burning money. I'm convinced there is one day of real reckoning looming...But as the saying goes the markets can remain irrational a lot longer than you can remain solvent.
I just can't believe our banking world is imploding. All that volume is massive panic selling. US Banking stocks we're the rock of gibraltar for many older investors who have been in for years for the divy's and steady pps.
Did you hear GW saying about sovereign wealth fund money entering into our markets "it was our money anyway" (audience laughter) "we might as well let it come back to us."
An interesting thing about the markets. A trillion dollars invested can go to zero. The markets are in the process of destroying all the money printed by the Fed. Cash is evaporating into the ether. So let the Chinese and the Saudi's bring the cash they made from us to our markets so we can make it go POOF. Just look at all the Worldcom, Enron, Cisco, etc. etc. cash that went poof.
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