the capitulation and massive selling volume in the market feels like 2008 again.
i'm mostly in cash right now, licking my wounds from being whipsawed.
too munch uncertainty here and in the EU. the media/CNBC is trying hard to deflect the "double-dip recession" talk, but fuck that. a lot of the stocks tied to recovery - steel, CAT - have fallen off a cliff.
2. "RE: the sky is falling! 500th verse...same as the 1st" In response to Reply # 0
Capitalism sucks! Look at all the unemployment, people working their butts off for stingy wages, people can't afford their medical co-payments, people losing their homes - and that's the first world! In the Third World it's infinitely worse!
The unstable market is an aspect of capitalism, always has been and always will be! You can't have a stable market and have capitalism at the same time.