Fear and Greed
Emotion Rules and we all know which emotion is ruling in the current market environment. It appears that no matter what bailout package is thrown at the market it is not enough. The US government eventually passed the $700 billion TARP package in an endeavour to shore up the US battered mortgage markets, but this will take weeks to implement. TARP stands for the Troubled Asset Relief Program and its objective is to allow the troubled US financial corporations to offload the toxic mortgages from their balance sheets. Read More »