Fitz919

Stocks Bounce, But Big-Name Investors Aren't Convinced

You say "It doesn't pay to be early in the cycle." It's actually much more than that....It doesn't pay to be early in the cycle, when the market is held together by confidence, rather than reality.

Why did banks take TARP money at 5%, when they had access to the Fed Discount Window money at .5%? The answer is simple they were forced to take TARP money. Our govt found that it was quick and easy to take over those banks, Chrysler, GM, AIG, Fannie, Freddie etc. Now they have their eyes on our Healthcare System, and there is nothing in their way.

For the Govt it pays to be early in the cycle...they didn't even need a ladder to pick all the low hanging fruit.