MaverickBian

The Worst Bear Market in Modern History?

First, in terms of volatility, I don't think this time the stock market would have been less volatile. If you zoom in on minites level or daily level, within a few weeks, DOW can add 2000 as a counter trend, yet countless bad news immediately pounched it down to new lows. In the past, we have Bear Sterns, then Lehman Brothers, and now we have GM and Citi...Sure we have more ahead if on every firm's balance sheet, assets shink a lot, then those whithout enough cash reserve and who couldn't raise capital will be forced into bankruptcy.

Just wonder, how many more firms can Paulson and Congress save?

Citi is in ER room now...

Whose will be the next?...In a word, too many...