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A place for friends to gather and view stock market charts, discuss technical analysis and market outlook. What is your Principal Asset? How can it be developed? Each and all should do their own due dilligence and homework before investing. And by no means should you use anything I say or show here as a sole basis to buy or sell securities as everything is for educational experience only.

Saturday, September 20, 2008

CNBC's take of the week.......

From Dylan Ratigan of CNBC

"An historic week on Wall Street mercifully comes to an end. Usually this column highlights next week’s most tradable events. And while investors will look to make money around Nike and RIMM earnings on Wednesday, and perhaps housing data on Thursday, the truth is these events, which normally would consume the collective interest of traders, will recede into an ever-changing backdrop that is the new financial landscape. The Government has changed the rules, nationalizing risk, and altering the natural balance between buyers and sellers in an effort to save the financial system. We are by no means out of the woods, and while the infusion of cash into the system will certainly assuage some investor concerns, no one should take this to mean the crisis is over. The capital markets have suffered an enormous trauma, and as with any injured body, the road to recovery will not be instantaneous. If you had been in a cave for the whole week, you might think nothing happened. After all, the Dow and S&P are virtually flat. But over that time, the financial landscape has been irrevocably altered. Lehman Brothers has failed; the Government’s bailout of AIG; Merrill’s merged with Bank of America. It has become a brave new world that will require even the most seasoned traders to take a step back before acting. But one thing is clear. An open market, even one where the rules seem to be changing on a daily basis, is a market in which you can make money. So let’s relax tomorrow, and come back next week and try to do just that. ."
-Dylan
If you have questions about The Final Trade or suggestions for Fast Money, please send an email to FastMoney@cnbc.com

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