serman

Will Najarian's Prediction of a Stock Market Explosion Come True?

Suspending Mark to Market Rule is like we are lying each other that things are good and are moving in the right direction. That's a lye which sooner or later will transform into a big big TROUBLE for all of us. Why bankers backthen were marking to market CDO's on artificially rising market? These kind of markets were their markets, they all were making big money making market on these instruments. And now we have to hide this garbage? Heck no. Let markets correct themselves naturally. I am supporting FED&Treasury with his TARP and other measures but as a necessary option from preventing a whole system collaps. We need to understand that if markets will not deleverage we are heading into nowhere, just postpone a big crash.

Eye on the Romanian Leu

There have been more downgrades of romanian long term debt from 3 rating agencies. The catalyst for romanian economy: construction&real estate has began to slow down along with job layoffs in steel&auto sector, which have signifiant positions in romanian GDP. These are factors that contribute to a possible slow in romanian GDP grow. But Romania is not relying on international creditors for some time and currently it can finance itself very well. But Romania is depenfing on direct foreign investements and this aspect will wheight on its grow since those investors are gone for a long period. And please remember, Romania is not in Hungary's situation and nor in Latvia's situation thanks to prudent monetary policies of the local National Bank.

Insights from an AIG Bear

TAKE 5, I am not so sure about shorts: if there weren't short covering moves the market haven't been at these levels for sure. I have been traded in a emerging market where short sale is prohibited and this market is down 60% in one year.