oversold again.., page-18

The yanks are plumb crazy the way they move their markets around on a daily basis.

The interest rate adjustment made there can be readjusted any time, (up or down) if things dont work out how the fed wants them to.

As far as the underlying funamentals are concerned, the US economy did not suddenly "get worse overnight"

Agree with the first few posts on this thread...the yanks are mad !

Lots of thoughts and opinions as to how it will pan out over time, but I certainally dont subscribe to the doomsayers theory some have.
There is much more flexibilty and influence from world markets than there was in the past and they seem to prop each other up as a matter of self preservation.
This was simply not possible in the crashs in the 1920s-30s

Sure there could and probably will be a global downturn at some stage, but I dont think something as trivial in the context of the world economy, as home loans in the US, will make this occur right now.

Then of course I could be wrong !

I thought I was wrong once before, but I was mistaken.

Cheers

Bendigo