THE FINTAG NEWSLETTER @ 20 March 2008 (pfblogs.org)

FINTAG COMMENTWaste land.For many of the bull market generation, what is happening in the markets is bewildering. When colleagues disappear from their desks it can be alarming. For those who went for the Hedge Fund dream, the wolves are starting to appear. However, this is the first market crash with 24 hour continual analysis. The last in 1982 was documented on fax paper, the coffee bars and the telephone. We are in unchartered waters. All the news appears to be bad - but which is the most important news? Come on in and I will show you [Editor: Now that is a bold statement].Unlike YouTube when your fix is done in 5 minutes, a market correction can take many months, if not years. So get ready for the long haul.So, what does my review of the media tell me? It tells me that Bernanke's blue pill worked for less than 24 hours. Just because equities and fixed income are looking sorry for themselves, why people think it is safer in commodities is an enigma. Stuff is used to make stuff. If nobody can buy the stuff, then you don't need the stuff.Economics is about demand and supply. If belts are ...