"Volatility" is code for...
I haven't a clue...but I know it will go up…or maybe down.
lol
They are all using it...like they were all given the same briefing on what to say to the market.
It is nothing but a non-committed cop out.
The sub prime "mess" doesn't have to go away...because it was never a problem that needed to go away in the first place..
Sure it is real...an it will directly impact on market credit…and it will have about a half of one percent effect on the US GDP figure for all of ONE QUARTER...but in terms of wiping billions off the value of the world economy...it is nothing more than a Trojan horse.
Everyone has been conned...and like I said last week...the news would just switch from one side to the other depending on their "positions" at any given time until the current “volatility” passes…lol...it is so transparent it is embarrassing.
This is not over...not by a long shot, as they will likely milk it for all it's worth...but it is not real and there is no "collapse" on the horizon, China, India, and the South America's are not going away...Europe is gradually warming up again, the US will fix it's mess, god forbid maybe finally devalue their paper and actually address internal problems for once...but we are still some 10-15 years from the big crash.
Wait if you want...you will after all eventually be right...in the meantime however, everyone else will ride the markets to twice current levels while the doomsday brigade keep hiding in their basements...tin foil hats on heads!
Watch the following and become informed…
Cheers!
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Open | High | Low | Value | Volume |
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1 | 1061 | 65.440 |
1 | 2462 | 65.390 |
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1 | 630 | 65.230 |
Price($) | Vol. | No. |
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65.620 | 1252 | 1 |
65.630 | 630 | 1 |
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