We need a new language for explaining what occurs in capital markets. One supposes this is more akin to the kind/type of "shock" experienced in tectonic shifts, but goodness what confusing language.
Enough on word usage. Is the below bullish or bearish for U.S. equities considering what I have been writing about on this blog for the past 6 or so months? Where do you, faithful readers, think sovereign wealth funds, large mutual funds, retirement plans, central banks, etc., etc., think market participants are going to do their investable assets? Given the relative forward looking prospects of same?
CNBC
Financial Crisis Is Expected To Bring More Big Shocks
Monday August 18, 10:17 am ET
The year-old financial crisis is not only far from over but could actually get much worse, bringing more big shocks to the US economy and stock market, a host of experts said Monday.
Among the predictions: the failure of some of the country's biggest financial institutions, the collapse of 1,000 banks and a possible government bailout of mortgage giants Fannie Mae (NYSE:FNM - News) and Freddie Mac (NYSE:FRE - News).
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