Dana Cole

What's In Store for Bear on Monday?

Just to add to my previous post:
Suppose the "self-serving analysts and sensationalistic journalists" I mentioned were all 100% right. Shouldn't we be thanking them for warning us of our precarious financial situation and putting out the alarm to sell all our stocks?
In a few, individual cases, perhaps yes. In the broader market sense, NO.
Here is why:
Capitalist economies are based on credit, and credit is based on trust. The current "credit crisis" is based on a loss of trust. Loss of trust comes from fear, and fear grabs attention. Those who use fear merely to get attention are thus undermining our economy. This is why the stocks of many companies that are financially sound are also down now.
I guarantee that the instant no one is interested in the "credit crisis" any more, it will cease to exist.