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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (79767)3/16/2008 10:06:11 PM
From: Real Man  Respond to of 94695
 
No. I think stay away from financials, they are loaded
will all kinds of weird crap. Financial/Ponzi economy
needs to go for a long term recovery to take hold, quite
a few firms will BK. Oil Sector will join them as soon
as global recession takes hold, and it will. The next recovery will be
driven by manufacturing, and will be very sharp. That's
an optimistic view. Oil and financials weigh way too much
in the S&P.

If the Fed attempts to save and bail out all financials, things
will get very bearish for the dollar, and they can turn US
of A into Zimbabwe or something like that, on a smaller scale.



To: robert b furman who wrote (79767)3/16/2008 11:35:12 PM
From: Real Man  Read Replies (2) | Respond to of 94695
 
Yikes! Just noticed what dropped the futures and the buck.
Da Fed will have a sleepless night today, acting already -ggg-
Derivatives are bilaterial contracts - perhaps, the bulk
of those is between various institutions, so financial firms
will have to buy their failing counterparty. I guess we know
now who BSC were doing swaps with -g-


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