mgcolin

Coming Soon: Banking Crisis of Historic Proportions

Yes right now it is frustrating for those of us who know the banks should have failed and the pain should have been much worse. But that was round one, and I relish round 2. I cannot WAIT until this Q3-Q4 when the GDP shrinks again and all these insane bulls are caught off-guard. The S&P should be trading at 400, the smart money knows it and people buying at these levels are insane. It won't be fun, but with this debt load the lost decade is coming.


On Aug 16 07:53 PM Tack wrote:

> It's precisely these kinds of histrionic, doomsaying articles (and
> comments) that give me greater confidence to maintain, and selectively
> increase, investment positions in banks and other financials. The
> same people who likely lost lots of money on the downside will watch,
> mystified, as they observe from the sidelines the recovery phase.
>
>
> And, the more the markets run away from them, the angrier they'll
> get, at everybody but themselves, of course.