Quote:
Originally Posted by lorrimer
This must be about the fourth correction of 10% or more in the past 5 months.
Did I blink, but wasn't world economic growth at unprecedented record levels this time last year?
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Welcome to the Bear Market!  or  Depending on how you play it.. 
Quote:
Originally Posted by lorrimer
I don't understand why the regulatory bodies over there cannot give all the major financial institutions a one month deadline to go through their books with a fine tooth-comb. They should then have to announce their losses to the market for once and for all.
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I don't think we want to see this... Total implosion of that financial market would be very bad!
Quote:
Originally Posted by lorrimer
If they underestimate by 20% or more, fine them a similar amount.
Time to be honest, let's just get all the bad news out there and move on.
Enough already!!
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Some reports are looking at $600Bn+ in write-downs before this is over... Not the $160Bn already mentioned...
What Colour is your parachute! 
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