Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: GROUND ZERO™ who wrote (84641)	12/28/2008 9:58:46 PM
From: Real Man	Read Replies (2) of 94695

Nice quote: "While debt is front and center as the issue at hand, credit of a different breed—credibility—has emerged as the issue at hand for markets at large. If and when investors begin to perceive that central banks are no longer larger than the markets—and this, in my opinion, is simply a matter of time—a crisis in confidence will ensue." minyanville.com We got through 60 Trillion notional CDS collapse, still limping, 500 Trillion in interest rates swaps awaits 2009, and I think it will not be pretty. That's a best guess. Gulp! The market could turn lower here and crash again. Nobody is bigger than the derivative market. It's wounded. I'd argue, it's walking dead - the bear market will coninue until this Ponzi scheme evaporates. We are going to SP500 = 400, and maybe even lower...

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