posted on Oct, 10 2008 @ 03:55 PM
reply to post by 2 cents
As you probably guessed my response was more symbolic than literal.
When will it hit bottom? Even if the markets in the US appear to bottom out pretty soon, there are still all the others around the world that have
been going through their own turmoil and it's hard to see things calming down very quickly. It's like waves splashing around in a pool after someone
jumps in. Bad analogy but it's getting on for 11 pm here and it's been a lonnng day.
I assume the slow trade for this Christmas season has already been factored in to the markets? I mean, I'm not sure if anything has been really
thought through that well this past week but for some time it's been clear that shoppers will not be spending so much as last year.
Honestly I think the fact of the upcoming US Presidential election also has to be taken into account. I can't see things really settling down very
solidly until that has happened and the outcome is known. So, assuming no new, major revelations of further blood and guts on the economic front, I
guess things will stabilize by New Year and start to pick up again in early spring. But how long it takes for things to get back to healthy levels,
where people feel confident to invest again... I have no idea. Too many variables and historical examples might not help much. This week was something
right out of the box.
Of course, a lot will depend on what the various PTB around the world decide they have to do in terms of restructuring/regulating the system. I've
heard the phrase "no magic bullet" quite often in the last few days and it seems pretty apt.