W2R
Moderator Emeritus
Jonathan Hoenig at Smartmoney.com had these sobering words to say:
No Signs of End to Real Estate, Banking Crises (Citigroup, Bank of America, J.P. Morgan, Countrywide Financial, Washington Mutual) | SmartMoney.com
If he's right, then Dawg52 will need to keep his spirits up (so to speak). On the other hand, my own crystal ball is still not functioning at all well. I would be perfectly happy if we now proceeded to have a nice runup.
...there are virtually no equities showing strength at present. With such widespread weakness, one could easily fashion an argument that stocks are oversold and due for a bounce. Still, markets tend not to decline sharply because they're poised to thunder up to new highs. There's been some serious damage done that will take, at minimum, months to rebuild.
No Signs of End to Real Estate, Banking Crises (Citigroup, Bank of America, J.P. Morgan, Countrywide Financial, Washington Mutual) | SmartMoney.com
If he's right, then Dawg52 will need to keep his spirits up (so to speak). On the other hand, my own crystal ball is still not functioning at all well. I would be perfectly happy if we now proceeded to have a nice runup.