Ann: Trading Halt, page-111

I think the "advice" in the above post about moving to tangible assets outside of the banking system and bubbles bursting was spot on. These markets are going much lower thanks to the banksters I've been harping on about for a long while now. The writing was on the wall for the markets in Sept when the Fed started bailing out the repo markets from which time the Fed's balance sheet started rising rapidly again. Some have estimated that the short term money markets in the US have had about $650 billion injected into them since the window was opened. Now even the biggest banksters of them all, JP Morgan, are begging at that Fed discount window despite only recently declaring a "fortress balance sheet". No doubt in my mind that the repo market bailout exercise was designed to stop an immanent collapse of an important financial institution. I'd say if this rout goes deeper, and it will IMO, we will find out soon where the rot really started and the bailout will spread from the short term money market to the whole market. It's already started with the Fed announcing its panic rate cut outside of their normal timetable of FOMC meetings. Don't believe that anyone is smarter than this current market because they are not. It is out of control and where the bottom is will be anyone's guess. I guess it will end with more bank bailouts/bail ins and possibly queues at ATMs. The smart thing to do IMO is not to be in the system at all until the blood has well and truly drained from the streets. I'm amazed that people want to keep speculating. I suppose that's what the banksters have trained us to be, Pavlov's dogs to the very end.Esh