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REPORT COPYRIGHT VIOLATION IN REPLY
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Message Subject
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Credit Market is Tightening Up Again....U.S. Stocks to Fall Tomorrow
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Poster Handle
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Nucking Futs |
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Post Content
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 LOL...you're such a phony. I've seen you say in many threads that the market would rally because of options this week...the reason the market rallied on Monday was because credit eased. The 2Y Swap Spread was around 155 late last week, started Monday around 145 and fell to 120, in one day. That's the reason the market rallied. If credit tightens up again, goodbye rally. Yes, Rock Star is an ignorant twit, but I want to clarify something important... The credit market has not eased, the rally was based on speculation that the credit market might ease because of the guarantees of the IMF and the new "unlimited" dollars being pumped into the system. I call it ignorant optimism. Ultimately, the plan is not going to work, and when Wall St. realizes it, the DOW will plummet below 8000. The mass injection of liquidity (cash) is only addressing a symptom, not the root problem. The real problem is consumer debt and the insolvency of financial institutions to pay their obligations; the United States of America is bankrupt!
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