contender

Historic Financial Collapse Underway?

I always find it hard to believe in extreme scenarios. The truth almost always ends up being somewhere in the middle.

That said, I think the number of perps...err... goldman sachs...err.. governemtn officials they are trotting out to tell us that we worry too much is another 'tell' that things are worse than normal.

It all hinges on housing. What breaks the downward spiral ? Its a degenerative feedback loop, and what breaks it -- especially as the government offshores our jobs and devalues our dollar so there will be fewer and fewer solvent families and individuals to sop up the excess inventory and stabilize prices ?

What breaks the cycle ?

Options Trader: Friday Outlook

Yikes Phil - half covers over the weekend on financials with all the rumors flyin today ? The chances of something happenning this weekend and/or early monday are pretty good in my estimation !

Good luck on the financials in any case - Ive played some tight-support trades on em coming down and stopped out of every one.

I figure alotta consolidation is gonna happen in the financial sector... Yes, I think a prayer /is/ in order.

...And the Lord parted the seas, made oil come down and made financials go up wtih one mighty word...

Hope does spring eternal...