Quote:
Originally Posted by SomeCreep
In the long run, everything will be fine. There are only 2 things driving the market down.
Fear and uncertainty.
|
the question is, how long run you mean? after 1929 it took 20 years and WW2 (huge stimulation for US economy) to reach same levels...
just heard on TV, that looses from tommorows action could be 100 bilions USD. some bloggers estimate losses as high as 300 bilions.
One thing is sure, even with 100 bilions USD losses, you have almost entire banking system BK after few weeks as it would trigger further CDS payments. Its fucking CASCADE.
I am not a guy, who just read about it somewhere, I am a guy who speculate on it from summer 07, while all those massmedia bullshit artists were spreading their BS. Now I am getting really scared.