Why is a crash a bad thing ? I've lived / thrived through 4 of them. Crashes are a necessary evil and they stimulate future growth.
Is anyone actually buying for the long term at these levels. Shorts are covering and anyone who was long are taking there profits. At the end of the day, the US is a banana republic, may as well trade emerging markets!
Clearly the Government does not want financial institution stocks to be valued correctly by the market - you know, like LEH was.
aig from $4 to $2.5 this morning only common sellers? arbitrage? does really help this sec statement on surrounding markets? seems only new bureaucracy for the mass of traders none useful for the markets
This is so freaking stupid of our Government. If short-sellers on LEH were the devil, and there was a solid business model there with a thriving business and VALUE, then why didn't any BUYERS emerge over last weekend after they looked at LEH's books? Answer: Those T3 Level Assets were so freaking TOXIC that no one wanted to touch them. And the Govt. blames the shorts for this??? Give me a break. Thank You Bush Administration! Welcome to Communism folks.