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  • Chinese Markets Beginning To Crack [View article]
    PPT rides to the rescue right on time Thursday 11:00 with the leaked info that the Fed was going to have an "emergency" meeting. What's the emergency, at least as it relates to the stock market? We have not had a correction in 5 years. Every pullback has been met with massive liquidity buying on the dips and by corporations buying back their own shares (why not if you can borrow unlimited sums with no impunity). If this puny correction does not hold for a while and the Fed pumps it up again, it seems to me that they are just delaying an inevitably larger bear.

    Explain how the Fed's actions will bail out the over-leveraged jumbo mortgaged homeowner/speculator in CA, FL, NV, AZ and elsewhere as their interest rates begin to reset next month?
    Aug 20 12:46 pm |Rating: 0 0 |Link to Comment
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