Financial Markets in the Hands of Congress - Working Through the Night
Tensions and Anxiety - Buying “Puts on SKY”
Talk of “the end of ____________” run rampant - fill in the blank with whatever you want. Conspiracy Theorists are having the spotlight as Chicken Little is buying puts on sky! Either this will turn out to be the best bottom - capitulation in history or it may be the end of history as we know it. Sounds Dramatic - It Is.
More Bank Failures - Public Pissed - Professionals Pause
As Washington Mutual crumbled into the arms of JP Morgan last week, Rumors are rampant that Wachovia Bank is on the edge. It’s amazing for me to talk to people from all walks of life and get their perspective on the current chapter of the financial crisis.
Three Perspectives
The general public: is clueless, angry, and scared -
The savvy and optimistic financial investor: believes that this is the best time to get in to the market and assures me that big money is sitting on the sidelines, starting to buy and waiting to buy more.
While others that have studied the deeper issues are looking at the current global picture and are telling me things that I prefer not to print.
Stay Tuned….
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