Bear Stern’s virtual collapse is the start of run on American and European banks – a hundred year banking cycle topped in 2007
Fred Day
Mar. 15, 2008

It was in 1907 when a baking and financial meltdown took several banks down. It was JP Morgan’s private initiatives that helped stabilize the situation. Eventually after seven years Federal Reserve was created. After a hundred years, the same is happening in the financial sectors.

Bear Stearns Cos.'s 85 years as an independent Wall Street firm may be coming to an end as JPMorgan Chase & Co. considers buying the crippled company. Fed has just promised to back all the securities Bear Stearns possess. Bear Stearns got emergency funding yesterday from the Federal Reserve and JPMorgan in the largest government bailout of a U.S. securities firm.

The trend is clear, Federal Reserve will resist at all costs the collapse of major banks at least for now. That is a floor to US Dollar and the stock market.

But it is not over yet. After a sharp bear market rally in stocks and US Dollar, we will be back where we are. More banks will go belly up. That time the fed will be weaker and tired of bailing worthless bank managements.

Bear Stern’s virtual collapse is the start of run on American and European banks – a hundred year banking cycle topped in 2007
Fred Day
After a sharp bear market rally in stocks and US Dollar, we will be back where we are. More banks will go belly up. That time the fed will be weaker and tired of bailing worthless bank managements.
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Senator Clinton’s claim of ‘experience’ is the biggest joke in the world
Maria Hernandez
The point is simple, if you just served cookies at an important meeting in Whitehouse, you cannot claim that you have gained Commander in chief credentials or experience.
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A painter turned into a right wing racial radio talk show host tries to discredit Obama with clips of his pastor
Surjit Singh
Hurrah! Says the painter who left his profession for repeated bad painting jobs. They found something that can derail the ‘Audacity of Hope’!
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US stocks, Dollar. Real Estate, and Lumber futures ready to rally for the next twelve months –Federal Reserve draws the line on the sand
Sandra Simons
The R word is finally out. The radio talk show hosts, TV big mouths and main stream media in general are fully bearish now. That sets the ideal situation for an intermediate term bull market.
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Fear of insolvency is making the financial institution attractive choice for investment
Sam Adelton
... it takes the third attempt to pierce through a support. The financial institutions have fallen into their knees for the second time. It will need a solid bounce and then the attempt will create the real meltdown.
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Global financial sector appears to have already disclosed the majority of valuation write downs – a rally in real estate, stock market and dollar start
Karen Zuba
The cyclical bearishness reached its peak today morning. At the same time, Standard & Poor's said the end is in sight for subprime mortgage write-downs by the world's financial institutions.
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Gold and oil can tumble 40% over the next twelve months
John Abelson
The central banks may start selling gold again. The precious metals like silver, gold and platinum is in a massive bubble. Oil is in a bigger bubble. The bubble can burst any time.
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