|Previous Trading Day||184||11/24/2009|
|10-Day Moving Average||140||11/11/2009 - 11/24/2009|
|20-Day Moving Average||133||10/28/2009 - 11/24/2009|
|50-Day Moving Average||131||09/16/2009 - 11/24/2009|
2. Half of Banks' Losses May Still Be Hidden: IMF Head
I doubt its only half since Subprime and Alt A are worth 5 tril plus various other fields which will add up to it so my old estimate remains rather around 10 tril. - why else would the FED even keep rising their balance sheet heading for 2.5 tril and keep rates at zero although they claim at the same time that the financial markets are stable and recession is over. Why did Japan keep rates at zero for 15 years because it takes plenty of time and government sponsored yield curves to heal the banks. Unfortunately the Japan experience is not to be repeated as the global economy is at the brink this time. As Rosenberg said we are rather in a depression and have just by some extraordionary measures blown the titanic back up but it will sink at the end and the horrifying part is that some forces trying to run this planet want exactly that to happen. The mantra of Freemasonary is order from chaos - so what they do now is to create the chaos.