Stock markets around the world are tanking, Banks are not lending, and immense wealth destruction is taking place. It is almost unreal-- as Large capitalisation stocks around the world are down 10-20% in a single trading session. Imagine if they allow the short sellers back!
Considering how sharp the selloff has been, could we be in for a dead cat bounce?
GOLD prices have been slowing creeping upward amidst fears of imminent deflation.
I wonder if a US Fed rate cut might kick off a USD selloff despite the usual flight to safety, just as news of the $ 700 Bn Bailout kept the markets afloat for a while.
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