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


To: Real Man who wrote (85646)2/19/2009 1:15:01 PM
From: TFF  Read Replies (1) | Respond to of 94695
 
" I think we are teetering on the brink of
systemic derivatives detonation: AIG/C/BAC. It is unlikely
the government can do anything, they just bought time."

I think the detonation was in Aug 2007 when the securitization market effectively collapsed.

Since then we are just witnessing the dominos falling across the board.

The point of no return has long past imo.