Quote from EMRGLOBAL:
Does not matter. The market is "Dead" in the eyes of the public.
The wash out of 90% of the IBANKS and the fact that Money Market funds (one) broke the buck......smart money has moved and will continue to move out of the market.
Gov regulations have yet to begin. They will come in and regulate the markets, as with short selling, they will destory the Free Markets.
Private Capital will be used to push "Private Ventures"with Private Companies. That is the future trend. Manufacturing, Drilling, Wind Farms, Farming of whatever, anything that has a tangable asset,...Something that is produced. Techonogy and Telecome private ventures will pick up. Tax breaks for investors as well as a decent return in their monies is the future.
Also, outside investments and a boat load of Hard Assets like RE will be very attractive in a year.
The PUBLIC COMPANY has a black eye now. They lie, the cook books, they use risk beyond any ones wildest dreams and keep it off the books. They are not held accountable. And common/prefered stock holders get wiped out.
The wealth that is created is not "True Wealth" per say, its all on paper. Just as those that held LEH, BS, etc.
Mom and Pop types may still roll their 2 dollars a month into a mutal fund but that is about it.
The biggest wealth destruction has occured in the last week. The dust will settle but the smart money has left the building.
There will all ways be a "Market" to trade. But it will be one tight ass market if not "Sideways" for the next 10 years.
Do not think that things will be back as "NORMAL".