People would be well advised to prepare for major swings in market averages, and the potential for a short-lived "Bear Market Rally" that should last until early next week, before plunging further.
IER Senior Fellow, Ernst Stavro Bloviator, issued the following statement with the CC-1 rating:
"It appears that the investing public is starting to connect the dots between bond insurance defaults and overall market risk. This could not have come at a worse time for the Babyboomer Generation, as their eldest members are now approaching their peak asset accumulation years. Come to think of it, their peak asset earnings may have come and gone on October 10th, 2007."
"The overrepresentation of Babyboomers in Bainbridge Island real estate ownership, sales, and management will likely make this asset class particularly vulnerable to this market eventuality."
Stay tuned to this channel for further updates. We now return you to your regularly scheduled crash, already in progress.
1 comment:
A great outstanding post.
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