Unpredictable
unread,Mar 28, 2008, 6:19:50 AM3/28/08Sign in to reply to author
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to Investor Market News
It is evident that financial markets are unstable and lack liquidity.
No matter how hard the Federal Reserve tries to pump in cash in the
banking sector, the U.S. dollar seems to be seeing a downward turn.
When after a long drop dollar does go up for a single day investors
rejoice thinking 'tomorrow never comes'. It certianly looks like a
bond movie to me, James Bond- Reserve Bank trying to save the banking
sector and the investors - the heroine, and the slowing economy
(credit losses) - villian. The only problem in the real situation is
that the rescue process may take as long as a year, that is if the
markets recover on consumer confidence.Comments are welcome on what
others think about this.