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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 451.79+1.8%Jan 22 4:00 PM EST

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From: elmatador10/3/2007 1:55:02 AM
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real bonus for many bankers this year could well be keeping their jobs. They are scrambling for a 'flight to quality' to keep them from selling the car and the hosue mid-next year.

Therefore I am not buying their analysis.

"day which started with Swiss bankers UBS revealing a writedown of £1.7bn, continued with rival Credit Suisse issuing a profits alert and Citigroup revealing that the summer disruption had led to a 60% drop in income."

Economies that rely heaviliy in the finance industry will suffer as much as the tech industry circa 2000-2001.

Fear is now blokcing all othe rparts of the brain and they are no longer thinking rationally. They are reacting with the primitive part of the brain.
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