$this->bbcode_second_pass_quote('cbxer55', 'T')his is it! Sounds familiar, does it not? Those were some of the last words of Leonardo DeCaprio, while clinging to the guardrail of the aft section of the HMS Titanic, as she was about to take the last plunge.
This article, gotten via the Denninger blog, goes a long way in explaining why what we are seeing today on the stock market, is exactly the same as three previous cycles. Only this one will be worse due to Alan Greenspan's monkeying around in the early 2000 time period. Because of him, things are gonna be a lot worse than they might have been had he left things alone.
It is a long read, but well worth it.
Enjoy.
Do read it in it's entirety. It is kinda rough for those not rooted in the stock market, but if I can glean some understanding from this, believe me, anyone can!
THIS IS IT!!!
This isn't new.
Check the link in my sig.