Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Real Man who wrote (76899)	3/26/2008 12:57:52 PM
From: carranza2	Read Replies (3) of 116555

Have you noticed the global jungle telephone drumming about 'no global bailout'? It makes me think that there is some plan in place to rescue banks and mortgage holders in order to avoid a CDS-related catastrophe. Perhaps even a direct bailout of mortgage debtors. The pending elections make it almost a sure thing that some sort of political initiative will take place along those admittedly blurry lines. What happens then to the best laid plans of bears like us? I suspect a lot of elation, a sense that the worse has been avoided, that things will be peachy. A lot of bullish sentiment will undoubtedly arise. In my wildest moments I sometimes think that it would be rational for CDS obligations to be cancelled as being dangerous to national security, or some such. What happens if a huge global-scale bailout indeed takes place? Gold gets creamed, no? Swissie and Yen get creamed, too. Bears like me get creamed. In other words, is it time to join the bulls, buy cheap?

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