|
A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
|
Ironically many of the SP500 corporations are in good shape and have large amounts of cash on their balance sheets. Yet with the financial sector having a massive Heart Attack with the fall of Lehman the cash flow or lifes blood of the system came to a screeching halt which caused a ripple through the economy.
The fall of the Stock Market was and is a case of throwing the baby out with the bath water. The panic was if the lifes blood of the economy has stopped then the value of those companies will be less because of less business being done. This is totally a CRISIS OF CONFIDENCE in the financial system as we know it. As the USD says, "The full faith of the US government"
__________________
Copyright
"Some Observer"
|