crash week, page-76

waalll.. i know nuffink.. but I suspect lots... i suspect that the usa banks are in far worse shape than has been declared to date.. it is possible that there will be a formal fed bailout required for some usa banks .. I don't think aussie banks are immune from os troubles, and they seem to say as much themselves when they say - as they have been - that mortgage rates in aussie will need to rise regardless of what the RBA does, because of the global credit market problems.. so there is a linkage.. as for equities... it is inevitable that if the usa looks weak then xjo will sell off as well.. there are too many global connections for it to be otherwise... such as usa investors.. global markets, incl for commodities.. and the usa indexes are fractured internally.. I agree with Jim Carson that bbankie is a nutter.. a weak obscure economist who was plucked from his obscurity because he will serve wall st and the political elite by printing printing printing their way out of a recession if he possibly can... but that the only ones served are wall st.. if equities rise from here it will be a very fragile rise at best.. one that has hyperinflation and amazing new liquidity as its base..

I'm short dow and will be short spi at its peak tomorrow...