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credit crisis isnt over?!?!
- Thread starter jonbig04
- Start date
I do have respect for a couple of CNBC commentators. Rick Santelli and Art Cashin. I heard Art recently asked about the testing of the years lows. He indicated that the low in earlier was the credit low, but an economic low may be put in, and could take out the previous low, or at least test it. Guess we'll know by fall. I don't believe he has joined all the bull pundits yet.
Quote from makloda:
So true.
http://www.elitetrader.com/vb/showthread.php?s=&postid=1897079#post1897079
LMAO... you again!!!
I guess you were right and I was wrong.
Congrats.
:eek: :eek: :eek:
Just a brief comment while ya'll are enjoying hitching a ride on the band wagon. Recessions such as the present one do not play out in a matter of months, but rather in a matter of years. We are still in the entering recession phase and have a long way to go. And many of us have been harping on that inescapable reality on days when the market is up big-time and on days when it is down big-time.
We have seen a little pullback in commodities since Spring highs. Commodities are not finished, so do not short them. Reason: Commodities are a refuge in times of inflation and recession and we have plenty of both ahead of us. Just a word to the wise. Doing my best here to save permabull necks. Incidentally, for what it is worth, which is not much, i have the ER2 up in the 30 hours following todays Globex close at 4:15 EST.
We have seen a little pullback in commodities since Spring highs. Commodities are not finished, so do not short them. Reason: Commodities are a refuge in times of inflation and recession and we have plenty of both ahead of us. Just a word to the wise. Doing my best here to save permabull necks. Incidentally, for what it is worth, which is not much, i have the ER2 up in the 30 hours following todays Globex close at 4:15 EST.
There never was a credit crisis except a media generated one. If there was no credit and no liquidty Visa and mastercard stock wouldn't keep going up.
Quote from stock_trad3r:
There never was a credit crisis except a media generated one. If there was no credit and no liquidty Visa and mastercard stock wouldn't keep going up.
Why would'nt it keep rising in front of a brewing storm.
The FED has made it clear that every loser gets a prize.
The big the loser, the bigger the prize.
regards
f9
Quote from stock_trad3r:
There never was a credit crisis except a media generated one. If there was no credit and no liquidty Visa and mastercard stock wouldn't keep going up.
Unless people are using their credit cards to buy food, gas, and pay their arms and other bills. Perhaps that explains the good credit card numbers.