[coyote]

I don't think so. I think the real estate markets have to turn the corner before anything else can. And foreclosures are still soaring. Once real estate hits bottom, then I think it's time to buy.

[Heineken]

$this->bbcode_second_pass_quote('Zardoz', '')$this->bbcode_second_pass_quote('Heineken', 'M')y gut feeling is that we've seen the worst of it...

[Arsenal]

Hmm.. Just hit the red.... -42 for the DOW at 10:33am

Dow

[Heineken]

$this->bbcode_second_pass_quote('coyote', 'I') don't think so. I think the real estate markets have to turn the corner before anything else can. And foreclosures are still soaring.

[mmasters]

No the worst is not over, perhaps for this year the worst is over though. Next year will be much worse. Things have much futher to fall and we wont see a true recovery until many years to come when the world is essentially a different place.

[jasonraymondson]

$this->bbcode_second_pass_quote('Arsenal', 'H')mm.. Just hit the red.... -42 for the DOW at 10:33am

Dow

[gnm]

I think the real estate issues are just beginning to play out. And if you look at it, a good chunk of that federal funny money is still in the form of loans - albeit cheap rate short term loans. Do you really think these swindling coin flippers are going to start turning a profit again soon? How are they going to pay back those loans? Nope I don't think we've seen the bottom yet..

Oh and yes of course any improvement in the economy and oil shoots back up.

Its funny, I remember telling a friend of mine a couple years back (he was complaining as gas climbed past $2.50 a gallon) - I told him, don't worry, it'll come back down when the economy collapses. For some reason he wasn't very reassured by that...

-G

[dunewalker]

$this->bbcode_second_pass_quote('IndigoMoon', 'J')ust a thought, but with the gas prices coming down because of the oil prices coming down, won't everyone running out to top off their tanks cause the gas to pretty much go away?

[FreedomSlave]

$this->bbcode_second_pass_quote('coyote', 'I') don't think so. I think the real estate markets have to turn the corner before anything else can. And foreclosures are still soaring. Once real estate hits bottom, then I think it's time to buy.

[Snowrunner]

$this->bbcode_second_pass_quote('Heineken', '')$this->bbcode_second_pass_quote('coyote', 'I') don't think so. I think the real estate markets have to turn the corner before anything else can. And foreclosures are still soaring.

[Gebari]

After strong gains earlier in the day world markets have gone into reverse again, triple digit losses on the DOW at the moment and all gains wiped off European markets after being up nearly 3% earlier.

[Zardoz]

$this->bbcode_second_pass_quote('FreedomSlave', 'E')nding, you say?

Begun, the Greater Depression has.

[patience]

Financial Crisis ending? Sarcasm, right?

My gut says this sucker is going in the tank. And it's a DEEP tank. We're nowhere close to the bottom.

Libor at a high level, TED spread is at very high levels, interbank lending in cardiac arrest, and no relief in sight. US Banks are still insolvent, Iceland belly up, European banks being guaranteed by govts, currencies trading at outrageous levels, and no fundamental improvements in sight. No credit, no business, no economy. Dream on....

[Snowrunner]

$this->bbcode_second_pass_quote('Zardoz', '')$this->bbcode_second_pass_quote('', 'I')s the Financial Crisis Ending?

[Jotapay]

5500 is the new CEILING.

[jasonraymondson]

$this->bbcode_second_pass_quote('Jotapay', '5')500 is the new CEILING.

[Heineken]

I admit my posts on financial stuff have been inconsistent. One day I feel like Zardoz, another day I feel like Rocc. It's all feelings, whipping this way and that as the Fed "does this" and "does that" every couple of minutes (literally).

None of this knows where this is heading because no one understands it. No one can understand it. Like our other huge problems, it's bigger than we are now.

My brother, who is sort of a genius (used to be president of a Nasdaq-listed tech company and has a Harvard Ph.D.), says he thinks the price of an average house will have to fall to about $75,000 before a bottom is reached in real estate. That's a 70% drop from here. Crikey.

[Snowrunner]

$this->bbcode_second_pass_quote('Heineken', 'M')y brother, who is sort of a genius (used to be president of a Nasdaq-listed tech company and has a Harvard Ph.D.), says he thinks the price of an average house will have to fall to about $75,000 before a bottom is reached in real estate. That's a 70% drop from here. Crikey.

[vision-master]

$this->bbcode_second_pass_quote('', 'M')y brother, who is sort of a genius (used to be president of a Nasdaq-listed tech company and has a Harvard Ph.D.), says he thinks the price of an average house will have to fall to about $75,000 before a bottom is reached in real estate. That's a 70% drop from here. Crikey.

[Zardoz]

Maybe we need to define "financial crisis". Seems we're all talking about different things.