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But...but...they told us the subprime crisis was contained...that means...[sniff]...they weren't being 100% honest?
Hahahaha!
Just yesterday with the DOW back up to 13,600 CNBC was celebrating BAU with those pesky subprime problems behind us. "The stock market has gotten beyond them now".
The bull market sentiment still has a long way to go though. The PTB have instilled a very deep sense that things will always get better again. So all this noise about credit and liquidity problems is nothing but a buying opportunity.
-Don