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Old 03-05-2009, 08:55 AM   #68
Perfectlap
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Join Date: Nov 2004
Location: New Jersey
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^well there's trillions of dollars that are sitting pretty in money market accounts and short term bonds from domestic and foreign investors (where Prince Al-Waleed when you need him) that will come back into financials at some point. Its been nearly 7 months of pent up cash worldwide at this point.
Everything goes through energy and the banks. You'll never escape that in a consumer economy the size of ours. I tend to think it costs a lot more to build a bank from scratch than to keep one on life support until the chemo is done.

It's these times that make me think of the investor during the great depression that picked up paper one day and bought every stock of every good company that was trading for less than a dollar. I think he made a lot of money.
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