icandoitdon

Getting Past the Panic

get real.

the aftermath of a panic is generally not a reversal in confidence and the beginning of a new bull market. confidence hasn't simply eroded...it has been shattered. great damage has been done and we are still a badly overlevereged country. government's hoping that we can resume business as usual as a result of this $700 billion capital infusion is a fantasy with little to support it than the hopes and wishes of those who have been wrong every step of the way through this bear market.

yes, look for a spike if the bill is approved but i suspect it will be short lived. once it becomes apparent that the medicine is not curing the disease the real trouble begins.

as for warren buffet's expression of "confidence" by investing in GS and GE, i'd invest every nickel i had if i got the deal he got.

and let me make another observation. isn't it strange that buffet coughs up just $5 billion and is able to extract virtually usurious terms from companies like GS and GE but the government...with virtually umlimited funds....has to buy worthless securities as a means of keeping these institutions solvent. what's wrong with this picture? why can't the fed's simply say "we'll give you all the money you want" (provided there is a real business there) as long as you give us...the taxpayer...preferred that yields 10%."

instead of selling their balance sheet the stupid bastards are giving it away. they belong in prison.