JUST ANNOUNCED THAT THE US, ECB, JAPAN, INDIA ETC ALL HAVE INJECTED BILLIONS AND BILLIONS OF DOLLARS INTO THE SYSTEM. PROP UP THE MARKETS...
I really do think the markets around the world are setting up for SIGNIFICANT falls. There is no reason to buy anything in this market. I think were going to see a repeat of 1987.
Let's hope it's "only" that bad. After all that was down 40% from the peak, though 20% came in one day. The Tech Wreck of 2001-2003 was much worse, though somewhat localized.
Seems like the only solution any central bank or government knows is "throw money at it".... Isn't that how we got into this mess in the first place?
exactly right, I said this back when they 1st started to inject billions into this market, I said that they were doing anything they could to prop the markets up, of course a few disagreed, fast forward and look at the situation we are in now, injections aren't going to stop or eliminate the problem if anything these injects are just going to prolong the situation at hand.