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.

What's In Store for Bear on Monday?

It appears that the "Banks" (read 'the people who run them') are so greedy that they are willing to put the entire banking system at risk rather than extend credit to each other. This pits Bernanke, who is the de facto banking representative of the American people, against selfish and unethical people who do not have the best interests of America at heart. Included amongst these, of course, are all the self-serving analysts and sensationalistic journalists, who - now that the War in Iraq has become old news and the elections are still a ways off - would rather make a name for themselves in the media by putting out fearful, attention-grabbing headlines than promote the financial well being of the country
When are we ever going to learn that what serves the best interests of all of us serves the best interests of each one?

Did the Fed's Move Prevent a Stock Market Panic?

What's that red stuff all over the street out there?