All That bad news and S&P <2% down

God the marKet is down less than 2% on all that bad news. Must be a buy pretty soon.

 

tomorrow it will probably be up 1%.

 

I mean Merril writes off 7 bill and the market hardly writes them down at all. Is there that MUCH liquidity in the market and if there is stocks wont be down here long.

If on the other hand the liquidity is illusory then finally the bears might have a good time instead of getting squeezed again.

If you can watch the Faber interview on Bloomberg he talks about the liquidity factors at play in the US

 

We need a cut. Today.

 

Lehman brothers rumored write down after close! Buy! It's all bullish! Wheee....


$ $ $ $

 

Most of that so called bad news already priced in. Everyone knows housing is weak, ect.

 

Other than Merryl; earnings, while not outstanding, are pretty decent.

 

No bad news at all. Some issues with turket, oil, meril lynch, and so on. No big problems.