Financial markets really hate uncertainty, don't they?

[randomness]

"That stampede you're hearing? It's folks running for the exits."

The biggest problem right now is that no one has any clue who all are holding the bag, or even how big the damn bag is. So while it doesn't hurt that the Fed and the ECB are opening the credit windows and throwing money at the banks, that doesn't make any of the banks less fearful and suspicious of each other.

And fear and suspicion? Bad for markets, just like they're bad for any other relationships.

Comments

[r-ness.livejournal.com]

Actually, you know...if you want to see what he thinks on a medium with more bandwidth than "Mad Money", you can always go to http://www.thestreet.com/. Less of him ranting and more data.

My favorite piece on that site was a weekly analysis piece called "The Five Dumbest Things on Wall Street This Week", but I have to say it's gone downhill.

But you may be watching Jim Cramer for the ranting. :)

[nafe.livejournal.com]

I do like ranting! Also, it seems like a decent way to intro myself into paying attention to these things. I'm not really aggresively invested into anything, and there's no reason for that. But I find financial news data boring, so perhaps some ranting will help me stay awake.