another opinion for what it's worth which is zippo... is the CBs are desparately trying to shove gold below 800.... I mean it just doesn't sit at $798 for 4 fricking days for nothing.... line in the sand worth watching...
I find it really unerving that these financial crisis keep getting larger and more complicated in scope and that yet peoples optimism that they will easily be dealt grows even greater.
Everything you didn't want to know about ACA. S&P rated them "A" just 6 months ago. Now rated junk. Stock price $0.60 today and now pushed to OTC pink sheet. 52week high was $16 and 52week low $0.20. Bear Stearns reportedly owned 34% of ACA that is now worth ???? http://www.aca.com/financial/rating/
Look, if you're Goldman, the next 2 years lie before you where JP Morgan was in the '20s...no matter what happens, there are necks to step on and buckets of blood to drink.... those who enter the domain without debt will rule....
Well, no one knows what is going to happen. Are the markets still dismissing future adverse outcomes?
Here's the link to the muni bonds> makes you wonder what's safe.....jeez I'll have to put the cash under my mattress at this rate. http://www.fitchratings.com/corpora...sector=3&detail=&body_content=spl_rpt&m_mode=