Today was another ugly in the markets. It seems we’re at the point where logic has been thrown out the window and the “market shrinks” need to step in. The “sound bites” don’t tell the whole story. Here are some links that may provide some additional insight.
Trichet Engineers `Regime Change’ at ECB as Europe Banks Totter – Bloomberg News
U.S. May Take Ownership Stake in Banks – The New York Times
Your Money: Switching to Cash May Feel Safe, but Risks Remain – The New York Times
WSJ.com – As Dire as the Times May Seem, History Isn’t About to Repeat Itself – The Wall Street Journal
Mobius Looking At Brazil, China, Russia After Slump – Bloomberg News