Stock Market

[philcski]

Originally Posted by dalakhani

You would have to be some kind of f.u.kc.ing maniac to wake up this morning, see what happened to the rest of the world and decide that today would be a good day to go long on anything.

Nothing is safe except for maybe gold and do you really want to buy into gold at 915?

Again, this is a market where even treasuries and blue chips arent safe because everyone is hoarding cash.

We need one big giant butt kicking before it is safe to call a bottom. One final cataclysmic capitulation.

I thought today might be it. probably still some puking yet to done.

about the only positive news of the day is overnight LIBOR (the rate at which banks borrow amongst themselves) dropped from 5.09% to 2.6%, indicating some of the short term funding liquidity is returning.