Quote:
Originally posted by McDick
I think GS is the only one that will survive.
I do believe LEH is next in line.
More rate cuts are coming, I expected it will hit 2% by summer. Therefore, I am buying GG today/tomorrow!
US is in recession, no doubt about that. Seriously, I think it's better to let the market fall rather than FED coming in "trying" to help out. FED are killing investors slowly. I would let the market crashes and recovers by itself.
I feel sad for investors who lost everything in BSC. Their retirement funds just went down the drain. I wonder how that going to help US to recover. It will just getting a lot worst.
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jst think of the 14,000 employee's whos retirement fund is in BSC stocks.
Can't let the market crash, because this sub-prime mortgage isn't 1 company or a day thing, If they do it's notgonna be a great depression, but ithink they worried that they might hit that far down as the 70's fuel crisis recession.
Recession as will said is inevitable.