Food for thought...!FUbasher the Asian markets are just mimicking the North American Markets ...Friday could just as easily be the start of the recovery!!! You don't know anymore... then anyone else....these last few drops is due to FEAR only not fundamentals... at ALL ...and you know it!
Canadian Banks are the most sound in the world... there is no reason to sell any of them and you know that too...what a fear mongering as##ole. I am so sick of the media and posters like you that don't present some reality
Like the Libor Rate Banks the media keeps bring up as some kind of sign!!!
The BANKS aren't lending to each other because what money they have available ...they are lending to customers at better rates... they are making money people... particularly the Canadian Banks!!!
They aren't afraid to lend...the blood media takes a sound bite and turns it into the sky is falling... enough of this crap!!! They tell only part of the story.
There is more cash sitting on the sidelines just waiting to snap up the last of the fear factor shares then IN ANY TIME IN HISTORY!!! fact!!!
There are going to be some very happy people who snap up these cheap shares 3 month out! and you know that too!!!
Next week the TSX could be up 10% you have know idea FUbasher your likely shorting or hoping your gold stocks move and I see most of them were down today and Gold has been up and down hasn't it!!!
Case in point...
Just like today's economic malaise, the recession between July 1990 and March 1991 featured a declining real-estate market, nervous banks that had tightened loan criteria to limit their exposure to bad debts, and a Middle East conflict. A bull market began to emerge when the U.S. Federal Reserve went on a rate-cutting frenzy, lowering the overnight federal funds rate 18 times from 8% in July 1990 to 3% in September 1992. Ultimately, the recession turned out to be relatively shallow, but Wall Street's optimism lasted almost eight years and sent the Dow up 295%.
Cheers ....to all the longs if any of you are left!