If Capmark goes down the same weekend we have seven banks fail for a total of 106 for the year…
By Daniel at 25 October, 2009, 10:42 am
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I would say we are officially headed down. You throw a collapse of CIT, and bad numbers from next weeks earning like Texas Insturments… I would say we are looking at a large decline. You throw in a large acceleration increase in job losses, H1N1 state of emergency, and S&P bloated P/E, no top line growth, lagging holiday/ online retail numbers, no profit taking since April, and an overdue correction of 30 to 40% and you have the perfect storm for a crash that will make history books…
Bring on the good news, like the large bonuses GS and JPM are getting ready to distribute, and the rampant abuse of generouse taxpayer provided stimulus funds.
-taxback04
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