Current market state and its future

StockOrder · Joined: 28 Apr 2006 Posts: 11

I've been warning of this since around March. I saw it coming as clear as clear can be. And mind you, we still ain't seen nothing yet. What we are seeing right now is a house of cards come crumbling down, regardless of any large sums of $$ the feds will pump into the market...we are talking major financial instantiations going chapter eleven one after the other.

A real financial disaster which is about to spread and infect the entire world. 800-900 billion ain't going to make much of a difference (and by the way this figure was pulled out of tin air....no one really knows yet* how much money is really needed to save the US economy).

The markets are very very sick and the only way for them is to correct BIG TIME. A *severe* recession is inevitable. More sackings and more home loans defaults all over the world which in turn will bring even more banks down(all over the world. It already started in Britain BTW).

I also like how the feds and central banks keep reducing interest rates to try and blow life into this sick puppy....this will only worsen the already over inflated conditions and will increase inflation, making the correction even more painful and long.

Capitalism is capitalism and if companies are loosing money and can not make ends meet they need to shutdown/bankrupt. The artificial pumping of money and low interest rates are wrong and simply prolong the problem. World markets need to correct and return to real life....it is that simple.

My two cents.

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