westwest888

4 Market Lessons from This Rocky Period

I think the market was efficient when it came to Bear Stearns. As soon as it became clear Bear wasn't going to make it, they took the stock down toward $0. The market is inefficient when it comes to the rest of the banks because of asymmetrical information. Read: the banks know they are insolvent but will play the con for as long as possible, aided and abetted by the Federal Reserve. LEH, MER - put a big goose egg next to them also. Hint: they will go from good to zero in about 24 hours.

The Fed is Deflating: 10 Reasons Why

This is perhaps the best article I've read on SeekingAlpha in the last year. Thank you.