http://www.marketwatch.com/news/story/europe-reportedly-guarantee-interbank-loans/story.aspx?guid={6D553AB3-BF17-4D7F-B34E-59A0DD51F8A6} http://www.bloomberg.com/apps/news?pid=20601087&sid=ake_hIeoOmBo&refer=home These measures should be working....
This will mark the bottom. Be prepared for White Monday! Up 10% Booyah! Or at least flat. On thing is certain, we shall not go down from current levels.
They should guarantee everything, have all the risk wizards work for the government. Hopefully it makes a difference, and then it's back to the market to price risk.
Never, NEVER, say certain. But it looks like some sort of bottom is in. Of course, by now, Ma and Pa have blown their 401k's out, and they'll miss this. They'll miss the next five years, too. They won't come back for a long time. The Politicians will pay big time for this. So will all of us, of course. Get back what you can. Good luck tomorrow.