credit crisis second phase, page-38

That 60mins report has been out there for a while now. The market has absorbed it, understood it and probably already solved it (ie its ONLY interest rates).

If that report has kept people from going long over the last 9 months - then its already achieved its purpose ie youve missed grabbing an awesome bull by the horns.

What will turn this market is an event that is new and unprepared for imo - until then "keep it simple and keep it tidy" (quoting an experienced trader).

Cheers,
The Sparkler