Monday, March 23, 2009
The Free In Free Markets
Market pushing off the consolidation lows and unless the bears can turn this around very hard, very quickly, the distance shall continue to increase between the lows of March 6th and the rest of the trading year. The Treasury finally caught up on the learning curve by introducing a 1 Trillion bad asset deal which before its unveiling, had all the vital ingredients needed and of course had been pre-approved by the private equity players. They will have to bid against each other with a wink and a nod, but it is better than having the pathetic hand wringing of talking heads and the absurd notions about a world wide depression. The same folks will end up with all the good cards after imploding late last year. In the real world of ' save us ', the players get the free part of the ' free market ' and everyone else gets to go to the market and pick through what is left.