Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: DebtBomb who wrote (157193)	10/14/2008 4:12:31 PM
From: Think4Yourself	Read Replies (1) \| Respond to of 306849

Yeah, much of the market has more downside. No way I'll argue the markets in general have bottomed. I will argue that financials are going to try and drift up from here, barring any new disasters. The amount of action applied by the Fed, Treasury, FDIC, and foreign Central Banks has been nothing short of phenomenal. Paulson was on the wrong track with buying garbage assets but it appears that problem has been corrected. There are so many safety nets out now that any new disaster would be a major surprise. Will directly stimulating the banks help the economy, and lessen the slump? Probably, but I have no idea how much or the timing. That's why I am sticking with the banks. Too many uncertainties for me anywhere else but the banks have now become a "no brainer", which about matches my mental abilities. The program announced this morning is really quite impressive. I want to know who the architects were. When it comes to government programs, this one is the proverbial pony in the big steaming pile of ...