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DJ FC · 08-16-2007, 09:02 PM

Nobody gives a shit about day-to-day market news if they aren't actively involved in it, but what is going on now is being called bigger than the 1998 flight to quality/1999 Asian Financial Crisis... everyone I work with says the markets are more volatile now than they can EVER remember. It's friggin armageddon... and it's AWESOME. Read some business articles, it's all too macro to point out a single thing, but major hedge funds are collapseing, one of the nations largest mortgage lenders "Countrywide" had it's debt downgraded nearly to junk status and may go under... Goldman Sachs, the king of all Investment Banks, had it's flagship fund "Alpha One," arguably the most prestigious fund in the world, take a 27% whallop, half of which was in 2 or 3 days alone! Bears Sterns is in the news. The Fed is doing emergency lending of liquidity just to keep the market upright. God this is a beautiful time, and I couldn't have picked a better time to join the industry.

08-16-2007, 09:02 PM	#1 (permalink)
DJ FC MURICAN Join Date: Jul 2004 Location: Virginia Posts: 5,136 Internets: 253094	An Epic Time in the Markets Nobody gives a shit about day-to-day market news if they aren't actively involved in it, but what is going on now is being called bigger than the 1998 flight to quality/1999 Asian Financial Crisis... everyone I work with says the markets are more volatile now than they can EVER remember. It's friggin armageddon... and it's AWESOME. Read some business articles, it's all too macro to point out a single thing, but major hedge funds are collapseing, one of the nations largest mortgage lenders "Countrywide" had it's debt downgraded nearly to junk status and may go under... Goldman Sachs, the king of all Investment Banks, had it's flagship fund "Alpha One," arguably the most prestigious fund in the world, take a 27% whallop, half of which was in 2 or 3 days alone! Bears Sterns is in the news. The Fed is doing emergency lending of liquidity just to keep the market upright. God this is a beautiful time, and I couldn't have picked a better time to join the industry.
	The basis of our governments being the opinion of the people, the very first object should be to keep that right; and were it left to me to decide whether we should have a government without newspapers, or newspapers without a government, I should not hesitate a moment to prefer the latter. But I should mean that every man should receive those papers and be capable of reading them.