Robe

Selling Over? I'm Just Not Buying It.

Swings of the market pendelum to the plus and minus are part of any economy. What I find lacking is some accountability in getting the write-downs communicated in a transparent way so the markets can constructively move forward. I believe the reason that accountability is not being forced by federal agencies is there's a concern that if we "flushed it all out" at once, it (being larger than we think) would panic the markets. So we continue to list in the seas of vaguery. The question we need answered transparently is this: Are the media overweighting the influence of a 150 Billion clog in a multi-trillion economy, or, like the arteries of the heart, are those small percentages in system size nevertheless essential to the survival of the whole system. Time will tell what federal agencies won't. Until then, the markets will remain unstable.