We have seen bankruptcies, bailouts, fed coming to rescue pouring more than trillion dollars. Europe, UK coming to the rescue of banks. All that is over.
For all the good things to take affect it will take time. As Q3 results are underway more bad news is expected and that’s battering the stock market. Markets around the world have not bottomed out yet.
US house prices are to fall 10% more as per analysts.
Credit crisis indicators showed good improvement for markets. But that was not enough to keep the rally up.
http://meetglad.blogspot.com/2008/10/credit-crisis-indicators.html
I expect a bear rally from hear.
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