9pm Sunday - Do you know where your money is?

Systemic Risk at Hand
9pm Sunday and all is not well - The “systemic risk” that Hank Paulson and the US Treasury and Federal Reserve has been trying to ward off may be coming.  Reports are coming across fast and furious - one that there may be an emergency rate cut! Separating the rumors from fact is necessary - but until the dust settles - volatility seems to be certain as the official news is leaking out.  Panic is thick!
Watching the currencies - the dollar has dropped some - but things are tenuous. A flight to safety is making me think gold. Interesting how gold was driven so low last week.
Is This the Bottom?
Uncertainty in situations like this often signal a bottoming process that is fraught with twists and turns like a unknown roller coaster or a runaway train.  A calm head is needed to weather the storm.  Smart moves will be rewarded.
End of […]

Original post by jfurst

This entry was posted on Sunday, September 14th, 2008 at 7:59 pm and is filed under BAC, currencies, Treasury, wsj, AIG, FX, bernanke, Fundamental Analysis, News: Scheduled and Breaking, trading, gold. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.