>> Kudlow looked into the cameras as the Bank of America made the market wait for its "denial" and Larry said "this could be a crisis like 98" <<
So what? The crisis was averted. The Fed cut rates, crisis over.
>> For the remainder of the day the market bled like a wounded animal wondering if there was something "life threatening" waiting out there to finish it off. <<
And if nothing life threatening develops over the weekend, people will probably come in next week and put money to work again. People are back to starting rumors about CSCO warning again, and now they are floating bogus stories about BAC failing. When the weekend goes by and these things don't materialize, what kind of rumors will they come up with next?
Write this on the blackboard 500 times, GST.
In '98 the Fed cut aggressively, the crisis was averted
In '98 the Fed cut aggressively, the crisis was averted
In '98 the Fed cut aggressively, the crisis was averted
In '98 the Fed cut aggressively, the crisis was averted
In '98 the Fed cut aggressively, the crisis was averted
In '98 the Fed cut aggressively, the crisis was averted
In '98 the Fed cut aggressively, the crisis was averted
In '98 the Fed cut aggressively, the crisis was averted
In '98 the Fed cut aggressively, the crisis was averted
In '98 the Fed cut aggressively, the crisis was averted
In '98 the Fed cut aggressively, the crisis was averted
In '98 the Fed cut aggressively, the crisis was averted
In '98 the Fed cut aggressively, the crisis was averted
In '98 the Fed cut aggressively, the crisis was averted
In '98 the Fed cut aggressively, the crisis was averted
In '98 the Fed cut aggressively, the crisis was averted |
