Buy financials, these write off's they are doing are BS. They are valuing these funds as 0, but in a couple of years they will be worth something and miracously, there bottom line will look great...
@ up- Grats on 4000 posts. Is this a good sign for the market or will it just end up going back down? I know nothing about marketing but reading this thread made me worried.
My view on it, is that it will probably go down eventually. Stocks always moving up and down but general trend is always up, due to inflation rate. Currency is worth less so Stock are worth more in term on nominal value of money. It also generally goes up because of increase productivity. I don't think we really experience the hit of the recession yet. But we probably will see a rather large one if no notthing changes.
http://www.youtube.com/watch?v=piUEmriwY3Q He always talks about overborrowing to fund the iraq war or the ongoing inflation rate always had, which is the cause of the inflation. The Iraq war probably did contribute to this. Inflation rate I'm not too sure if it's a bad thing. Inflation rate is bad for old people or just people go save in general as their savings basically are worth less every year, while investors gain from this because they paying less interest. That's why Ron Paul always says when theres inflations poor ppl suffer and walstreet gains. Now Inflation rate is not that bad if its predictable. But if it is not what the general public expected it can be very bad. Recession is a normal occurance in the business cycle, but from what's been going around, this one is going to be a big one. And some say even a depression. And you know it just might be possible.