One thing folks haven’t discussed is “the uptick rule”.. I think this added a lot to this in addition to the Glass-Stegall repeal.
Personally, re stocks I bought a lot of AIG Monday and diversified the rest of what I have a lot more, including foreign etfs. AIG has risen over 30% in the past two days because folks last week bet it would go under, and sold it down to about $4.00, now, with the thought of a bail out, it has been steadily climbing. The thing about the AIG panic, is part of the company is already backed up under an insurance fund that is completely separate from the investment based banking, so they already have some protection in there.
One of the dealerships was a KIA
People who were the kind of credit, job history, and other factors banks take in account to loan a person on a car loan,
Kia buyers were mostly secondary credit buyers ( bad credit)
Some who couldn't buy a KIA scream at our salespeople that why can I buy a home and not a KIA? I was amazed at that statement.