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

[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.