Quote:
Originally Posted by teomaxxx
There were rally in mortage and banking stocks yesterday, I really dont get it, the worst times are in the front us, so I have some put options and these fucks go up, like everything was ok.
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It's hard to trust any verbal that comes out of Wall Street. They have been hyping even before last year when it was blatantly obvious there were many problems rising at different levels. These are the same people who hyped the housing market - but more from a predatory angle. Greedy bastards
Earlier on CNN there were a few "financial spokespeople" (including Trump) voicing their views - again, all hype and "stay calm" bullshit. The exception was Trump who considered there was a long way to go and plenty problems yet to happen - inclined to agree, despite his hair
Asia took a fair hit yesterday and the Japanese govt injected $10.7 billion into the markets - even the Ozzie central bank intervened for the first time in six years. The London market has just opened with a slight upwards trend, but hope the day in all markets is not the same or worse than yesterday.
I'm no economist, but smell we are seeing ripples of the bigger US debt picture showing - and not just from the housing market. The overall foreign debt problem is a horror story, unsustainable, and very little evidence of a means to slowly clear this.