US Market had a nasty fall yesterday. The problems exacerbated with both banks and auto manufactures failing fast at the same time.
Some commentary from our hedge fund friends *"It looks like the CMBS market is starting to come unhinged, and today's shellacking of financials was based on perceived exposure to CMBS. C is near the top of that list."* *"Unfortunately, the actual "economic" crisis has just begun. Consumers have only now really started tightening up. Up until now, disbelief has reigned." * Here are some quick charts : Look at this chart<http://1.bp.blogspot.com/_pMscxxELHEg/SSSevkxwNtI/AAAAAAAADzE/V_BMgbRML4E/s1600/four-bears-large.gif>, the 1929 has wiped out 90% of gains. The downturns can be long and severe. Don't forget the Nikkei, which is still down 78% (and counting) nineteen years after the peak. I would advise selling equities and going into FDs if you haev a short requirement for the money in equity *NIFTY Gap Down Opening 2555* *BSE Gap down 8500* ** * *-- ______________________ Navin NS Capital Partners --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en -~----------~----~----~----~------~----~------~--~---
