Re: Do you think the markets are immune to emotion ?
I am wholly cognizant of that, thank you.
Re: There’s a bridge in Brooklyn that hasn’t collapsed yet that’s for sale
So all of the suprime worries are just that, worries?
They have absolutely nothing to do with the recent collpase of at least 2 Goldman Sachs hedge funds[roll eyes]
By the time an economic crisis becomes “real” for many people, it’s already too late. It’s one of those deals where “economics” is far, far away and doesn’t have anything to do with them until they’ll paying $4.00 for a can of soup.
So what ? Who got hurt ? Bear Sterns investors took that hit. Those folks signed “big boy” letters and knew their risks.
Heck, a small business owner faces risks every day too - look at the success vs failure statistics.
No, subprime defaults will hurt, but you can’t ameliorate stupidity and greed. Maybe next time those so greedy for big gains will think a bit more about the risks they take on. There’s a reason bonds have ratings, you know, and you ignore them at your peril.