There is NO other Shoe to Drop!

Bingo! The futures are up

 

Do not underestimate other people on the Internet.

 

next shoe Eastern Europe?

this guy thinks so

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/03/23/ccfed123.xml

 

"From 1986 through 1995, 1,043 savings banks with over $500 billion in assets failed, costing taxpayers $75.6 billion, according to a Federal Deposit Insurance Corp. analysis."
http://www.bloomberg.com/apps/news?...UVjA&refer=home

Think about it."1986 through 1995"

Post 1929 failures were 1930-4 if I remember rightly, in the face of a market that rallied '32 - '34 if I remember rightly, but that is still two years to reach the low.

Two defacto (CFC, BSC) mortgage bond bankrutcies could be the tip of the iceberg as far as mortgages go, let alone unsecured CC and autoloan debt.

 

keep buying the dips. this bull can run a bit longer.

 

this bull is clearly getting tired. one last run for ~ a month before it's over?

 

Keep it in mind that it is election year. These martkets are propped up artificially. Next year the market will be in the crapper, maybe DOW 10000-11000?