RE: To much panic!$1029 CDN for a leaf today. 3 weeks delivery and they have nothing in stock. About the same situation as last week. I can understand why people are in panic. Fed and powers that be allowed this economic mess to be created through, subprime, SIVs, OTCs, hedge funds and on and on. When it became obvious that there were some crooked things going on the first thing they did was look at their own exposure to see if they could be implicated. When that was done they moved on to protecting their buddies and political contributors. Today is a perfect example of the problem these guys caused. NO ONE BELIEVES A WORD THEY SAY. first thing that pops into my mind when they talk bank profits today is, "What accounting method did they use." You get these all pumped up TV talking heads that have no idea what the hell they are talking about but are repeating what they are told. There is a well known face on CNN, coffee cup and all, yapping about how things look better. He does that just about every day and just about every day he is more wrong then right but they keep putting his face on the news. At some point don't these guys realize they no longer have any credability? I think my dog knows more about these markets that most of the talking heads on TV right now.
Of course people are going to panic!