TB> SUNW: another NT-like, after-hours bombshell :-/
well, friggin' system feels broken, man. Like, it ain't workin' anymore. Banks afraid to loan; Consumers afraid to buy.
Spoke with some brokers/MM's in Houston today: "we're frozen ~ we all want to buy something (on a day like today) but, we're not doing anything. Just sitting around here, no customer orders coming in / no calls to clients going out."
out here on the LeftCoast, BizBuzz ain't about old-nooz dot.coms, worthless employee options or, margin calls; we're talking about real estate mortgage defaults and... banks' provisions for loan losses.
FED/Treasury gotta be concerned about normal (seasonal) "big sucking sound" 15-APR TAX-TIME impact on liquidity, too!
in the past, whenever the friggin' system started to feel broken ~ we got either: "private" WallStreet money comin' in, one of those explosive bear market rallies; or, one of those "emergency" un-scheduled FED rate cuts. imho, we need 0.25 point cut NOW, and another 0.25 point cut at the end of March... just to stay viable.
-Steve |
