John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: John Pitera who wrote (10084)	9/27/2008 12:28:50 AM
From: John Pitera	1 Recommendation Read Replies (3) of 33421

For those that missed this..... Only a 50% collapse in US equity prices will serve as the evidence that we need a comprehensive package to enable a workout of these credit excesses and extremes to be viable. A workout that really is no use to anyone except those fat cat investment bankers that have already embarked upon their rather large yachts and ocean going vessels to Tahiti to put all this unpleasantness behind them. After all, If Gaugain could find peace and serenity in Tahiti.... and Marlon Brando could duplicate that scarce commodity of serenity.... well why not head off to that safe sanctuary. ---- We probably need a really vicious 50% hit to our US equity markets to bring the fear of GOD into mainstreet. This event is being treated as far to much of a theoretical execise in how capitalism can structure these workouts.------ John

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