Well, I guess that is it then...
The liquidity crisis is over. The Financials are healthy. There is no problem with commercial paper. Housing will be booming shortly and all the folks with adjustable home loans and no home equity will be able to refinance with a low-cost loan. Derivatives are not an issue. The Fed will slash rates and the dollar will do just dandy. And none of this will impact the economy, as I’m sure this Christmas will bring record profits to retailers.
Well I’m certainly glad that is all over and times are just peachy again. I think I’ll buy a few thousand shares of Countrywide.