THE REAL ISSUE IS CAN THE LIQUIDITY RALLY IN STOCKS BRING BACK THE SECURITIZATION MARKET IN DEBT...
WITHOUT THE FLOATATION OF MASSIVE DEBT...THE US CONSUMER WILL NOT RECOVER...
CAN THE STOCK BUBBLE LIQUIDITY "SLOSH UP" INTO THE CREDIT MARKETS...?
I DON'T SEE IT...I DON'T SEE HOW THAT HAPPENS...
AND WE HAVEN'T EVEN "DONE" ALL THE TOXIC DEBT YET...THERE ARE STILL CREDIT CARDS, PRIME MORTGAGES...AND CORPORATE JUNK...NOT TO MENTION DERIVATIVES OF QUESTIONABLE RATIONALITY...
AND WHAT ABOUT THE GOVERNMENT STAKE IN THE BANKS...? EY SEEM TO BE LOOKING AT EQUITY HOLDINGS FOR THE FED MONEY...
HOW DOES THAT EFFECT SHAREHOLDERS EQUITY IN THOSE BANKS....?
WE BEING AREN'T TOLD ABOUT THAT YET...
IN FACT THIS ENTIRE "BULL MARKET" SEEMS LIKE A FAITH BASED INITIATIVE FROM WASHINGTON...
