click on the post for an interesting article on Yahoo today as the market has lots of volatility following the plunge last Friday.
One trader at Weeden and Co, is quoted as saying that "It may take a week or two to heal"
DejaVu----1987---the day after. Traders in total denial as to what had happened also felt it might take a couple of weeks to heal. The market was never the same. Total revolution since 1987.
So-----we are right on schedule. The G7 formed a study group that will report back in April 2008 as to suggestions. Interesting pace of decision making. Reminds me of Top Gun: With the pilot waiting for Tom Cruise says, "This battle will be over in one minute." There are thousands of foreclosures pending. The time for action is now and the government is in denial. What is wrong with this picture?
Monday, October 22, 2007
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