Oh my goodness...could this be the end of Bear Stearns?....and if it is..what happens to the other banks?...i just don't get how a massive business like Bear runs out of liquidity in 24 hours?....absolutely crazy
At the moment the Yen crosses are melting down...but...but i'm kinda thinking based on my price projections that a correction is due...however if price breaks 91.10 (AUD/JPY) level...forget it...it does look like its heading there..isn't it?
Personally...i'm staying out until Tuesday..we should have a better understanding of this Bear Stearns problem when they report after close on Monday....
Unbelievable.....
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