From CLUSTERSTOCK: The Madoff Effect: Investor Confidence Crushed.
There are far more losers in the Bernie Madoff Affair than just those wealthy individuals, banks and hedge funds whose money he apparently squandered. His scam threatens to damage the entire investment business. [Read more]
With Madoff, Dreier, and oh, yeah the economy sinking, I believe the Dow will find a new bottom and I think that bottom is 4000. Oh, no.
So what will the rich do now? Even if they can get their money back from the hedge funds, where will they put it? In Treasury bills? I think they’re already doing that.
“Aim for Something”