GM could trigger it together with dilution of bank stocks
media news more and more talk about the soon to be expected end of this ridicolous rally, just a few bad companies news and it will start. So public expectation will be there.
This speculation/spending hype in various markets (housing, credit cards, stock markets, etc) resulting in the worst crisis for decades has been followed by another brainless hype. When do people learn this lesson?
Real growth will be possible again after somebody has finally paid for all this debt. Anouncements or changing accounting rules do not change the fundamental picture. The new government has perfectly adopted the approach of the former administration. Fundamental recovery will still take years. Government blew the opportunity to end this as soon as possible. Wall Street still owns the government and taxpayer and lay offs pay for all this. Government should have sacrificed the banks.
However, the big money have been waiting on the sidelines the last couple of weeks. These guys look on the fundamental picture.
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