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Message: Canada Is Going To Loose Natural Resources To...
Today a CEO from a bank here was on tv news.
He pointed out on something.
Current melt down in stocks is due to liquidity problems at the banks.Because they don't lend to each other the system runs out of money and therefore some banks are forced to sell shares no matter what to get cash available.
So when all is almost sold to levels below NAV's what's next??
sp 500 is only 85 points away from a small rebound by end 2002 after first hitting 800 +/-.
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If this continious where is our bottom for CLL?i looked to the volumes past weeks on CLL but so far we have had 1 day around 4 mil.on 06/10? The rest was almost the usewell daily amount.
If we look to CLL chart there is a nother possible support around 1.6 $ which was a top in 2004.So right now we are there.
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