Credit Crunch Continues, Fed Steps In To Provide Liquidity

The market had a very rough day yesterday, after the credit crunch news moved across the sea to hurt a large French bank. This morning, the pressure is still on the markets. It didn’t help that Asian markets were down across the board overnight.CNBC is reporting that there is a significant forced liquidation on at a large hedge fund. That could be one of the reasons that there is so much selling pressure on the market. The upside of these liquidations, is that once they run their course, there is usally a natural lift for the market.Of note, the
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[Source: The Money Blogs]