Quote Originally Posted by Spin View Post
Quote Originally Posted by Butterfly
the US is old news, it has probably bottomed out already, US investors will start looking at fundamentals again,
I was wondering if yesterday may have been the bottom for the US. The bounce from 800 points under to less than 400 was interesting given that there was no news to drive it. The VIX index was off the scale at 56 and volume was huge. Maybe capitulation occurred yesterday?
I think there will be a bit more chaos when the short selling ban of financials ends tomorrow (i think) but it will be interesting to see how the end pf the week shapes up.
No, to coin slightly more famous words, we are now near the end of the beginning. The middle phase of financial collapse is next. This will be the middle and main phase of this crisis.