not sure if its today and what is happening has to be fully understood but if we need a major correction to rid the markets of cowboys so be it and i have a view the media are over hyping this and depression talk is nonsense.
A few exotic banks have fallen and liquidity might tighten for a little while but depresssion talk is nonsense.
I was not that impressed with the bailout plan and i hope they are able to deliver another model as the bail out model seemed to reward for past mistakes instead of having a plan for stopping this from happening again.
I wouldn't be buying today but i wouldn't be dumping a quality stock with a good balance sheet either.
We might see more days like this where there will be 700pts day either way,time to sit on hands imo.
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