The financial meltdown has just started – Wall Street tumbling is just tip of the ice berg as real credit troubles start getting exposed
Sam Adelton
Oct. 20, 2007

The real credit troubles in these commercial, retail and investment banks are much worse that what is exposed yet. The major banks have exposed not much of skeleton in their closet.

The subprime fiasco is just the tip of the iceberg. The scandal and scam on credit instruments will surprise every one once everything is exposed. The problem for these Banking executives is that they work for public companies. They will be exposed one after the other.

You are talking about mega Enrons and hundreds of them. The credit infrastructure can collapse in no time. If credit is not available, recession is imminent and that will soon change into depression.

The Government will try to bail out these large banks to maintain stability in the financial systems. But the magnitude of the losses is so large, even the Fed will have to think many times.

Dollar market is guessing it. People are dumping dollar and buying gold. The stock market realized the same very late. But the route in Wall Street is real. Stocks are getting distributed fast into the eager crowd that wants to buy them. Even the distribution stage is coming to an end signifying a fast fall in the equities markets worldwide.

Oil, gold and stocks all on the retreat as liquidity and credit market troubles continue the financial meltdown slowly but steadily
Partha Chatterjee
These speculators put all the money they made from the Bush tax cut in speculating on oil, stocks, gold and real estate. All the four profit instruments are collapsing.
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Reuters/University of Michigan index of consumer sentiment, due Oct. 26, may have dropped to a one-year low this month
Sam Adelton
Never before recession came with such overburden of debt. The recession can very easily slip into a depression-giving rise to deflation like never seen before.
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Better than expected durable goods order can help dollar rally this week
Karen Zuba
The US Dollar chart is showing signs of bullishness while every other fundamental is looking bearish like never before.
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Plummeting home sales ready to taker rates and the market lower
Leena Jacobs
Home sales in the U.S. dropped to a seven-year low in September.. Consumer part of the economy counts for 70% of the overall economic activities.
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Managing money and investments in a bear market requires extreme discipline
Peter Oberois
Managing money in the down markets is very tough. The bear market rallies kill the portfolios of short sellers. Short covering in bear markets in common and the rallies are sudden and violent.
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Eurodollar futures poised to move sharply higher as market starts discounting sharp fall in rates
Fred Day
The Euro Dollar futures are moving sharply higher. The sharp rise is due to deteriorating corporate and mortgage credit markets. There is a rush to capture relatively high yielding treasury bills and euro dollar futures before yields go sharply lower.
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