Sorry Rustico, but if you really understood what is happening (and you don’t), you would be shitting your pants on a daily basis.
Monday: BSC Ceo says everything is AOK and not risk of insolvency.
Tuesday: Oooops, I guess he was mistaken. $200B get’s pumped into the market and the FED ends up opening its credit line to non-Bank entities!!!!!! That is a precedent in its 94 year history.
Today:
Bear Stearns effectively ceases to exist and the Fed now backs 30B of the purchase backed by US!!!!!
You need to get your HEAD OUT OF YOUR ASS as do many of the people posting here because the shit is hitting the fan and don’t even realize that you are going to be covered in it.
