Opportunities in Tax-Loss Selling
Bob Moriarty
Archives
Dec 3, 2007
The slow motion crash of the world's financial system continues.
Last week we had our first "Bank Run" in 75 years with the collapse of Florida's Local Government Investment Pool. One more major bank failure and I suspect we will start having a fully-fledged "Run" on all the banks. Why not? The vast majority are bankrupt right now and only being supported by hot air.
In a depression, no real assets are created. And none disappear. They just change hands. Paper assets, of course, disappear into the vapor, overnight. That's what's been happening since Bear Sterns crapped out in late June. Look for an ever-increasing swarm of bad news until everyone wakes up. You, at least, have been warned for the last six months......more...auch seine Junior Tipps