gabe borenstein

The Cyber Monday Meltdown

Recession,Depression ,all of these scenarios have been mentioned by the media and discounted by the market.
After lagging the curve the FED,the Administration ,the Treasury and the Congress have addressed the issues effecitively .
Now we need moratorium on "short " positions for six months to allow the implemmented remedies to work.
At this point in time the media and certain"predator" funds are responsible for the investors paranoia.
Economy is heading for a moderate expansion in the first half of 2009 and major rebound in the second half of 2009.
Let the SEC contrbute to the analytical rationale and reinstate the moratorium on the short positions.
One more time ,the remedies applied are very dynamic and catalytic but need time to have an impact-i dont want to hear the free market "nonsense" anymore -I want to see the moratorium now ,not when it is too late..
For the record ,I have predicted the current events in an interview with Mark Gilbert in June of 2005 -that includes the level on the 10 yr Treasuries .I have repeated my convictions/prediction... on September18 /2007 during the interview with Brian Sullivan(Bloomberg TV-Fed time)-back then I was told that I was wrong as I am being told now that I am wrong.