Look how excited and happy people are over the market going down :mj07:
The fed is done giving greedy wall street under the table favors. Now it's time to pay up to get ten off the hot seat. China is tightening the credit, commodities coming back to reality, earnings will be sold off on, valuations high, unemploment high, real unemployment higher. Mortgages adjusting, rates higher, carry trade will be unwound. Guy on cspan director of international fiscal policy says a lot of commercial real estate debt coming due in 2010 and half of regional bank portfolios are comprised of commercial real estate and it's going to hurt. Hello Dji 9000 IMO
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AAPL new lod
BAC new lod and -3.7% which is nice!