Central banks worldwide inject more money

Started by Hobbit, Aug 10 07 04:05

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Hobbit

[A href="http://www.virtualvancouver.com/news/news-49.html"]Central banks worldwide injected billions of dollars into the banking system[/A] in an effort to help ease investor worries about the credit crunch. This is all in response to falling world stock markets. Markets have been declining for the past 2 weeks over US sub-prime mortgage fears. It seems that the sub-prime mortgage problems may spill over into other parts of the economy.

  I think that there may be a serious buying opportunity being created. Lots of stock I follow are down 40-50% in just 2 weeks. Imagine when they rebound, the returns will be huge. At least I hope they rebound.
-Hobbit
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