Excerpt
Stock Market: Experts Wait And Investors Groan
To suggest to you that we are living through some frightening and uncertain times would be an understatement. The near collapse of U.S. and international credit markets has shaken governments throughout the world. The massive and sudden crisis in worldwide banking has brought about the collapse of major financial institutions and tested the ability of policymakers globally to craft answers for restoring confidence in the credit markets. Few market experts are eager to participate in the business of investment predictions right now, and some blame the failure of regulators at the Fed and the Treasury for failing to recognize the severity of the credit collapse until the crisis hit.
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