Quote from ByLoSellHi:
I apologize in advance for the glibness of this post - light on details but heavy on sentiment - for I had one too many black & tans light night.
This will be one of the bloodies Marches we've seen in a long time.
There still is no clarity on the extent of losses on balance sheets from toxic debt - not even after two quarters of massive write-downs....housing market decaying further....consumer sentiment dropping fast (consumer purchases were up slightly because gas and groceries cost much more, not because consumers are buying more)...and most importantly, money isn't circulating as banks hunker down and refuse to make loans - lbo money has dried up, to
Welcome to the Ides of March, Latin Idus Martiae; where the markets will be assassinated.
Hasn't all this bad news been factored in already? I mean, the entire month of March?
