Nostradamus reincarnated... damn... now i've got to go back and read more of your posts. Bold call out... vindicated flames. the headlines were uncanny to the playout.
http://www.elitetrader.com/vb/showthread.php?s=&threadid=132407&highlight=carnage+cant+imagine Thanks everyone. The bastards hid all the crap in these CDS's, CDO's and other 'instruments,' it's now actually causing countries to act in concert to try and save the world banking system - I knew it was bad - I did not know, nor could anyone know, how bad it was. In fact, the scary part is that we still don't. Look at Morgan Stanley today. MS is getting crucified because no one trusts that even they know what the amount of their exposure to toxic debt, and certainly can't quantify it in monetary terms. They can just guess. This is very bad. Very, very bad. U.K. banks have gotten sodomized, which is what forced Gordon Brown to essentially nationalize them - and that's precisely what we're going to end up doing, in essence, despite whatever they call it. Look for lengthy short-sale bans to be put into place globally, as well as additional, desperate measures. Also, look for a massive consolidation of banks in the U.S., with many regionals getting consumed under the Treasury's directive by large banks, and look for many of the community and regional banks to just be shut down. Russia and Brazil are getting absolutely reamed. Can't wait till 3:30 est!!!
It's easy to make a great call but the question is: did you trade your call? That is tougher to have the courage of one's convictions!
Lucky guess. This one, too, almost 5 months after this one: http://www.elitetrader.com/vb/showthread.php?s=&threadid=132407