Diver 发表于 2011-8-5 12:58
Today's long tails seem no doubt.
He said there were three choices ... one different strategy is to reduce reserve interests for the cash-rich banks to force them to lend ... their lack of lending was one reason that QE's did not have the much expected effects.
He said there were three choices ... one different strategy is to reduce reserve interests for the cash-rich banks to force them to lend ... their lack of lending was one reason that QE's did not have the much expected effects.
long term trend is up.
bears need to do a lot more to change it.
for starters, today they could have made weekly chart look much uglier.
It might drop more. But it's a buy when many people say it's a confirmed bear market.
there are also several very important differences between this market crash and the ones a few years ago:
• The Fed has fired most of its bullets (interest rates are already at zero)
• Our budget deficit is already out of control, and Congress has had it with "stimulus"
• The public has had it with bailouts
quoted from Yahoo Finance, the guys are pessimistic