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The hand,
Sep 11 15:51 pm
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All Comments by Kunal Vakil »The Markets Will Reward the Patient [View article]
The market is a discounting mechanism; it will price these issue into price well before the issues become a reality. It appears that most are forecasting the subprime mess to be controlled at some point next year. The big players will not wait that long to make their purchases. Now is the time, in the face of fear. I still believe we challenge sub 1200 on the SPX as I suggested above and it should probably happen in the next 3 to 4 weeks. This bottom should mark an important in my opinion.