It will pass and the worst thing anyone can do now, is sell at the bottom, yet many did today. fear makes people do wrong things and that is a given in the market.
Over the next few years we will recover, and we will have the usual perp walks as the blame game begins. I just hope they get the right ones.
This started in Congress. It was fueled and supported by Congress, and it was not the Republicans who did it.
The Wall street people are secondary to this as they only did what they always do, and that is to find new and innovative ways to sell risks for profit. They can only do what the regulators allow them to or make it possible for them to do. greed is a part of the process on both ends of the sale. The seller and the buyer both expect to profit. That is normal.
As far as the election, I can't help. I never have liked McCain and never will. It's not my fault that the GOP put him up and helped him beat Romney, and I am not very forgiving. The winner will win, and the loser will lose. The public will get what they voted for in either case.
It will pass and the worst thing anyone can do now, is sell at the bottom, yet many did today. fear makes people do wrong things and that is a given in the market.
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I can’t believe people are selling at the bottom like this! We are riding it all the way down and it is hell. Pure hell. But selling at the bottom, to me that is so foolish!!