"Doom and gloom" has just begun

[turkeyneck]

Is "Dr Doom" Marc Faber a perma bear?

http://www.marketwatch.com/news/sto...EB9-4ABC-89D0-A074A63DD895}&dist=MostReadHome

 

[mokwit]

This is not positive.........................

Australia interbank rates spike as credit dries up
Mon Mar 10, 2008 12:25am EDT

http://www.reuters.com/article/marketsNews/idINSYD15951920080310?rpc=611

 

[The Kin]

Quote from mokwit:

This is not positive.........................

Australia interbank rates spike as credit dries up
Mon Mar 10, 2008 12:25am EDT

http://www.reuters.com/article/marketsNews/idINSYD15951920080310?rpc=611

Of course it's good news. It's Capitalism at work. Risk premiums are being revalued. Once the damage is done, I wonder if we'll do away with credit ratings and instead have Investment Banks and Investors do their own independent and private evaluation. You had a good run S&P, but you lost all integrity.

 

[Alex_in_Oz]

Quote from The Kin:

Of course it's good news. It's Capitalism at work. Risk premiums are being revalued. Once the damage is done, I wonder if we'll do away with credit ratings and instead have Investment Banks and Investors do their own independent and private evaluation. You had a good run S&P, but you lost all integrity.

Good post.

While all this is happening broking houses down here are telling people to buy..buy..buy..BUY!!! the oversold financials.

Ya gotta laugh!