The thing that is most worrisome is that the powers-that-be are seemingly running helter-skelter, pulling one scheme after another out of ... in order to deal with the crisis of the moment.
I suspect that a lot of these "fixes" are simply triggering the next crisis.
In the end, we will be unable to avoid the consequences of decades of fraud and abuse, mainly in the mortgage markets, but also in the broker-dealer community, the banks, and who knows where else.
I suspect that the bottom lies ahead. There is no value in this market, only chaos.
Options Trader: Friday Outlook [View article]
I suspect that a lot of these "fixes" are simply triggering the next crisis.
In the end, we will be unable to avoid the consequences of decades of fraud and abuse, mainly in the mortgage markets, but also in the broker-dealer community, the banks, and who knows where else.
I suspect that the bottom lies ahead. There is no value in this market, only chaos.