September 18th, 2008, 12:18 am. Posted under Trade Alert !! by AppleOption.
After the last two devastating days, everybody in the World is scrambling to find something that isn’t failing.
“Forget about retail investors, all the pros are scared,” says one broker. “People have no idea where to put their money.”
The VIX is at nearly an all time high, the only question is if we can top 37? It would be the first time since 2002!
When credit fears shake the market? What can hold them up?
The short answer is only “hope.” A credit crisis begins when the fear of devaluation creeps in the mind. Shortly thereafter investors move money to safer positions. But with money market funds being devalued, is a dollar really worth $1 anymore?
If stable investments can drop overnight… then what do you do with your money? Is it even worth slaving all day to even earn a “worhtless” pieces of paper?
This is a MAJOR problem! The federal government has been trying to solve it by throwing Billions of Dollars away to failing companies… to “cushion” the fall. Why not figure out why the fall started… housing! Use that same Billion and “save” families from foreclosure where the government then owns part of your home. When you sell it, the government collect their share. It’s at least a thought better than just burning paper and perpetuating the problem!
This is simply an awful market!
AppleOption has froze all trading on accounts until a sign of improvement nears.