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Strategies & Market Trends : Guidance and Visibility

AAPL 271.57

+0.3%

1:16 PM EST

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To: ACAN who wrote (188944)	3/10/2009 1:39:55 PM
From: moby_dick	Read Replies (1) of 208838

I agree wholeheartedly - throw'em all to the wolves...the simple fact of the matter is - many, many of the banks are already INSOLVENT - being helf up only by inflating the worth of their toxic assets...nobody wants to acknowledge or talk abt this yet - C would have been filing Chap 11 now if not for that - as would AIG and FNM and FRE - soon BAC and others - WFC is hugely exposed as well - the problem is that we do not know how much and how deep this goes - but with $11T sucked out of the market in the past 6 months, do you think a measly $750B is gonna help - esp. when spread out over the banks, insurers, auto makers, etc. - it's like peeing on a forest fire - something/someone's gonna get burned - and, in this case it's the world economy.

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