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Politics : Welcome to Slider's Dugout
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To: jim_p who wrote (5912)8/11/2007 10:29:09 AM
From: jim_p  Read Replies (2) of 50482
 
$339 BILLION dollars injected into the world's financial markets is just 48 hours, and the markets are still in turmoil????

That's 339 billion dollars of paper money that was created out of thin air. By definition that is inflation, but the central banks now need to balance the effects of inflation against the deflationary effects of a meltdown of the entire financial system.

Can you say unf___ing believable??

The problem is we now have trillions of dollars of paper out there that no one can value (and no one will buy), and the even bigger problem is that no one will really know the real value for years to come.

At least with LTC the financial system only had one institution to deal with and there was a real market for all of the securities they were holding. Today we have thousands of bag holders all over the planet and no one even knows who they are or how much the paper they are holding is worth because there is no market to sell them into.

The number of hedge fund redemptions that are requested between now and August 15th is going to be incredible and no hedge fund is going to want to sit around and wait until the end of the quarter to start to sell securities to meet those redemption calls.

In case no one has a calendar in front of them, that's the next three trading days.

Next week should be very very interesting.

Sell short the rallies and take profits during any panic selling, but most important stay net short the market.

JMHO,

Jim
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