Money for Nothing Wednesday, October 8, 2008
Posted by ei-forum in Rants.trackback
Conditions continue to deteriorate as investors not only in the US but increasingly in Europe, see no immediate light at the end of the tunnel… highlighted but the complete lack of confidence in politicians worldwide to really understand the current situation and in their ability to put aside politics in order to find swift measures to help stabilize the situation.
Most people realize that it will take time for the situation to recover and that there is no miracle cure but what the markets are looking for (and the general public) is a sense that governments are willing to address the situation quickly… a sign that they really understand the urgency we are all facing…
As we write this, the futures indicate that markets are likely to open more than a few percentage points below yesterday and that the sell-off will likely continue…
One of our readers sent us a link to an interesting video about what happened and why we find ourselves in the current situation… here is the soundtrack:
Stumble It!
Explore Investors Blog Network
Comments»
No comments yet — be the first.