Capitulation

[mrmarket]

The bottom is near....when Joe Six pack watches the news and tells his broker to sell all of his stocks, there isn't anything left to sell.

When T-Bills are paying 0.1% interest, there is no place to put your money.

When banks are offering CD's at 4% interest in order to build their deposits and fatten their balance sheets, money will begin to flow in that direction.

Capitalism works. The invisible hand of the market work. The market forces are at work.

GM is at $5 per share...if they go bankrupt, do you think their factories will close completely? Who's gonna make the cars?

The difference between now and 1929 is that we see, hear and feel everything happening instantaneously. The info is out there for all of us to absorb immediately. It is psychology that is taking the market down..recovery has to come faster when the damaged psyche is healed.

The "financial crisis" doesn't mean the car is broken, it just means there is no gas in the tank.

It's temporary.

DOW 10,000 in 2010. You saw it here first.

[Websman]

I agree. My prediction is that we see the Dow bottom at 7500, and then the buys kick in.

[New-born baby]

The bottom is near....when Joe Six pack watches the news and tells his broker to sell all of his stocks, there isn't anything left to sell.

When T-Bills are paying 0.1% interest, there is no place to put your money.

When banks are offering CD's at 4% interest in order to build their deposits and fatten their balance sheets, money will begin to flow in that direction.

Capitalism works. The invisible hand of the market work. The market forces are at work.

GM is at $5 per share...if they go bankrupt, do you think their factories will close completely? Who's gonna make the cars?

The difference between now and 1929 is that we see, hear and feel everything happening instantaneously. The info is out there for all of us to absorb immediately. It is psychology that is taking the market down..recovery has to come faster when the damaged psyche is healed.

The "financial crisis" doesn't mean the car is broken, it just means there is no gas in the tank.

It's temporary.

DOW 10,000 in 2010. You saw it here first.

I dunno. Capitalism works, but what we've got in the USA is socialism and communism, along with an incredible amount of greed and theft in high places. Chart says DOW at 6000 for a bottom. And we have a world wide financial crisis happening. This ain't a 1929 repeat--this is worse. You didn't have a Federal Gov't in 1929 that was borrowing $2 million dollars per second to keep the gov't running.

I'd like to believe your take of things, but I can't. And Citibank ain't coming back.
It is gone, gone, gone.