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Strategies & Market Trends : Ask DrBob

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To: 3bar who wrote (99305)9/19/2008 1:14:09 PM
From: shadows  Read Replies (1) of 100058
 
ALways trade with tight stops so SnP sales at 1177 and 1203 now history.
If the guys in charge knew what they were doing,which they don't,the markets would have had an RST,zero interest rates,and a ban on naked short selling following the collapse of B/Stearns at the very least.
Remember those BIS fiqures and that the JPM Derivatives book is thought to be $100trln-and lets hazard a quess that 30% of these numbers are toxic waste.All the money in the world ain't gonna be enough,but in the meantime a rest from all the recent carnage was overdue as the markets were so oversold!
Oil $100-it too was oversold.
Gold doesn't appear to think too much of the proposed rescue either as the implications for the $,US DEBT Obligations and the full faith and credit of the US financial system is being questioned more seriously than it ever has been before.
Time to stand back and await developments.
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