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Strategies & Market Trends : Waiting for the big Kahuna
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To: William H Huebl who wrote (81306)10/4/2008 9:16:14 AM
From: Real Man1 Recommendation  Read Replies (2) of 94695
 
From Jim Sinclair

Thought for the weekend:

The entire financial world hangs by the LIBOR rate. It better
drop Monday morning and stay down or it has all hit the fan.

Message 25024600

I think the authorities will be onto this early next week,
the credit markets are completely frozen. We'll see.
I expect a big rate cut and a coordinated CB injection of
hundreds of billions in liquidity, but it's hard to tell
if this is gonna work. Danger for da bears, though, despite
the bad close. Bulls are in danger of another Black Monday. -g-
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